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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

Underwrite: As experienced developers the borrowers 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

Any data provided to Novellus Finance will be used in the decision making and processing of any future loan. The data we collect will be shared with our legal representatives and potentially other third parties to assess borrower suitability and for future transactions on any loan(s) with Novellus Finance. We will hold information securely for up to 7 years after a contract with Novellus Finance ends. Should a borrower wish for us to delete all traces of data we hold about it after its contract expires or should it wish to request details of data we hold about it, please email [email protected]

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Ireland
Contact

100 St. Stephen’s Green, Dublin, D02 EP84

+353 1 531 4237
[email protected]

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©2025 Novellus Finance is a trading style of Novellus Finance Limited registered in Ireland.
Company No. 710946. Registered address: Novellus Bridging, 100 St. Stephen’s Green, Dublin, D02 EP84

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