EASTBOURNE, EAST SUSSEX DEVELOPMENT FINANCE: £1.2M LOAN FOR 11 CONTEMPORARY APARTMENTS

The Avenue, Eastbourne

This is another development from the Award-winning Eastbourne based developers, Five Walk Homes. The developer had planning permission to build 11 apartments with garages in the coastal town of Eastbourne, East Sussex.

These apartments are located within walking distance to the train station, making these properties extremely desirable to commuters.

A total loan of £1,200,000 was agreed with Five Walk Homes to fund the build costs of the 11-apartment development. Hunter Finance sent funds in drawdown stages at the developer’s request throughout the project. Understand how our property loans work.

The developer sold a number of the apartments and retained the remaining properties, which would be added to their buy to let portfolio.

The final GDV of the development was £2,800,000.

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