North London
Acquisition & Planning Bridge
- Loan
- £1.19m
- LTV
- 70%
- Product:
- Bridging Finance
- Lender Type:
- SME Developer
Our client negotiated the private sale of a freehold mixed-use block in North London. The site had lapsed planning for a mix of residential & commercial and was seeking to improve the layout and massing of the site.
MSC managed to secure funding at 70% of the site value, alongside negotiating a deferred payment to the vendor as part of the overall funding package with the lender.
