South Yorkshire
Planning Bridge
- Loan
- £816k
- LTV
- 60%
- Product:
- Bridging Finance
- Borrower Type:
- SME Developer
MSC arranged a planning bridge at 60% LTV secured against a former cinema in Yorkshire consented for 3 retail units + 25 apartments. The borrower needed 3–6 months to pursue an uplift to 37 flats.
The current GDV is £4.94m and the exit with be development finance upon enhanced planning approval.
