Development: A Victorian era terrace house close to Battersea Park with the King Road just a short walk over the bridge. The property comprises a three storey, mid-terraced house, plus a converted cellar, offering six bedrooms, three bathrooms, through-lounge and large open plan kitchen/sitting room. The property is around 2500 sqft in generally good condition and purchased open on the open market. The location is popular with families and the market in this area of London has been enhanced by the development of Battersea Power Station, the new tube station and the US Embassy. The developer is looking for bridging finance associated with this residential development.
Being one of the typical examples of our bridging loan project, this deal was ready for funding within 3 weeks of first enquiry.
Developer: An experienced property developer and investor with a corporate finance and equity sales background
Location: Southwest London
GDV: £2.9m
Loan term: 12 months
