£1.35m Land Bridging loan completed in Norfolk

Grand Union Financial assisted an experienced property developer with land bridge loan to purchase land with outline planning only.

Once purchased the client will look to discharge planning conditions and roll the scheme into a Development Finance facility.

The current outline planning is set for 29 high spec residential houses.

Grand Union Financial sourced a lender that shared the vision of the developer, offered a competitive rate and were able to work on the land purchase with outline planning only.

Scheme Description

Finance Type: Land Bridge

Loan Amount: £1,350,000

Term: 12 Months (Rolled-up Interest)

LTGDV: N/A

Location: Norfolk 

Adviser: Kal Woodley

Adviser feedback:-

The developer is one I've best I've had the privilege to work with and this being the first transaction we've had together I believe Grand Union can continue to support the client to achieve his goals

 

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