Development loan

Posted by oblixcapital on Oct 09 2018

London based, specialist property lender, Oblix Capital has completed a £2.04 million development loan, helping fund the construction of 12 new-build apartments, in the southern town of Haywards Heath.

The loan itself was agreed on a 17-month term at an LTGDV of 63%, giving the developer the optimum amount of time to construct and sell all 12 apartments.

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