Purpose of Loan: Commercial Property Purchase
Loan Amount: £627,000
Term: 12 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes
Loan Snap Shot
The lender required the funding to complete the purchase of a commercial property which had recently been granted planning permission. The developer is planning to change the use from B1 to C3 for the construction of 13 flats, which they expect to complete within the 12 month term.