Regeneration of Grade II listed building in Birmingham’s Jewellery Quarter
30-month development facility to assist with the conversion of a vacant Grade II listed building, and new build block to provide 32 apartments.
We have provided a £7.2m development loan to support with the delivery of 32 apartments, above ground floor commercial space in Birmingham City Centre. The scheme is located on Constitution Hill and is well placed for easy access to the City Centre, Colmore Business District and New Street Station.
Gross Loan
£7.2m
Term
30 months
LTV
63%
Units Created
32 Residential, 4 Commercial
Exit Method
Sales
"We are delighted to be working with our borrower, who is very experienced in the Birmingham market. This is a fantastic scheme in the Jewellery Quarter, which will bring a group of Grade II listed buildings back to life, along with a new build apartment block to maximise the potential of the site."
- Rav Kudhail, Lending Manager
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