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residential development facility

Gross loan: £1.33m LTGDV: 64.98% Rate: 0.89% p/m Exit fee: None Location: Crosby, Liverpool

Pictures above: Progress update of the development site along with CGI of completed build.

Self-build development, Liverpool.

We are delighted to have provided a facility to enable the demolishment of an existing house and replacing it with a new build, 7,000 sqft detached residential unit in Crosby, Liverpool.

The development project started in December 2021, with a projected completion date for June 2023.

We worked closely with our trusted intermediary to structure a solution to enable another luxury scheme for a highly experienced father and son development team to come to fruition.

Our borrowers have a wealth of experience and a well-established track record in building high-quality luxury residential homes in the local area. In addition, they also have a competent build team that supports this development.

Their credentials provided us with the confidence to finance this development along with our analysis of real estate data in the micro locality.

This luxury residential property will include 6 double bedrooms, a bar and entertainment area, a gym and an indoor swimming pool.

Deal completed by: Vishal Dixit, Head of business development, T: +44 (0)20 3695 5510 E: vishal@pivotfinance.co.uk

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