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Caryford, South East London

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8 apartments in London
finance for new builds

Caryford, South East London, build 8 ( 4 x 2 bed / 4 x 1 bed ) Apartments

Development – Demo existing bungalow, build 8 ( 4 x 2 bed / 4 x 1 bed ) Apartments

Loan required – £1,028,000 ( £358,000 towards clearing the existing charge + £670,000 for build costs)

Development Came in under budget and only drew down £958,000 ( £358,000 mortgage + £600,000 build cost)

15 month facility in stage payments

GDV £2M

Loan to value % = 48% (based on amount drawn down)

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