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LAND WITH PLANNING

Berkshire - Secured Loan

LAND WITH PLANNING

Berkshire - Secured Loan

GROSS LOANLOAN TYPETERMLTVLOCATIONMONTHLY RATE
c. £3mSecured Bridge24 monthsc.30%Berkshire0.70%

OVERVIEW

The borrower requested a loan from Novellus, secured on existing land with outline planning for industrial purposes, to release equity from the site and provide capital for other projects.

 

THE BORROWERS

Research: The borrowers are experienced developers who had successfully secured outline planning for industrial purposes on their existing 10 acre site, significantly enhancing its value. Being privately funded, Novellus was able to offer the borrowers certainty of capital and execute the transaction quickly on competitive terms in a rapidly changing market.

Terms and Timelines: Novellus provided a secured gross loan of £3m at a competitive rate of 0.70% per calendar month, fixed for 24 months and the loan was completed within 2 weeks.

Quick Enquiry

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About
Ireland
Contact

Fitzwilliam House, 3/4 Pembroke Street Upper, Dublin, D02 VN24

+353 1 531 4237
[email protected]

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©2023 Novellus Finance is a trading style of Novellus Finance Limited registered in Ireland.
Company No. 710946. Registered address: Novellus Bridging, Fitzwilliam House, 3/4 Pembroke Street Upper, Dublin, D02 VN24

THINK CAREFULLY BEFORE SECURING ANY DEBT AGAINST YOUR PROPERTY. YOUR PROPERTIES MAY BE AT RISK IF YOU DO NOT MEET THE COMMITMENTS OF YOUR LOAN