Westminster Construction Finance £38m

We completed a £38 million development construction loan, helping fund the construction of 55 new-build apartments, in the Westminster.

The loan itself was agreed on a 18-month term at an LTGDV of 63%, giving the developer the optimum amount of time to construct and sell all 55 apartments.

Underwritten and completed in 6 weeks, this large development loan will fund the construction of 55 modern dwellings in in the popular are of Westminster.

The client, a major overseas developer had plenty of experience and track record in the UK.

Deal summary:

Ground-up development to deliver 55 apartments

Key highlights

£38m of development finance arranged
Senior debt
63% LTGDV
18 months term

How did we help?

Debt funding was secured with a private lender willing to support an experienced developer
We were hands-on assisting the client and his team throughout the entire funding process

Platinum Global Bridging Finance is a distinguished high-net-worth finance broker. We specialize in providing tailored financial solutions, including Property Bridging Finance, Development Finance, Stock Loans, and Commercial Property Finance, tailored to meet the diverse needs of our clientele seeking robust financial support.