Epsom: Development Exit Loan
|Loan Term||12 Months|
An experienced developer with an impressive track record approached Fortys with the request to lend on the finished development of six residential units to raise working capital. As the property was finished to such a high standard and already attracted good demand from buyers, we agreed to advance 70% of the aggregate value of £1,460,000.00. The client will be repaying the loan via sales of the flats in stages.