£13.5 million established Midland developer. Senior debt: 100% development finance against committed pre-sales on property.
The development is located in a UK Midland city centre. It consists of 146 apartments with 101 car parking spaces, with a total project cost of circa £13.5 million. The development is virtually pre-sold to private investors for the open market units and a Housing Association for the social element.
The client has an established track record and a strong reputation for quality projects.
Red Chilli arranged 100% finance at a senior debt margin through the specialist property division of a leading UK clearer.
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