COMMERCIAL BRIDGE, St Crispin’s Court

Loan secured against commercial building in nottingham

Gross Loan amount: £787,572

LTV/ltgdv: 62.26% LTV

exit fee:

Location:

duration (term):12 months

Pivot Finance was delighted to fund the repayment of an existing loan against an existing property located on the southern side of Stockwell gate, Nottinghamshire. We also enabled the borrower to reimburse costs for developing an alternative site in Nottingham (the Sycamores).

St. Crispin’s Court comprises a gateway mixed-use development scheme, of which most of the units are in shell condition but prepared for fit-out.

The local area has secured regeneration funding, providing opportunities for an increased market value of the facility.

The town provides a wide range of local amenities, including schools, shops, and excellent public transport infrastructure - helping attract families to the area.

The residential development comprises between 6 and 8 storeys in parts. The exit strategy will be through a refinance onto a commercial mortgage.

deal team: Matthew rogers (relationship manager)