INTELLIGENT PROPERTY FINANCE
Imperial Blue has just completed a loan of £1.7 million for a 17-unit residential scheme in Dulwich, London.
loan amount
Loan to Cost
Loan to GDV
GDV
The proposed works include the partial demolition of the existing building and construction of extensions to create a new part-three/four/five storey building with upgrading and reconfiguration of the existing 8 flats, plus the development of an additional 9 new build flats along with private amenities and cycle parking.
The site is located in East Dulwich, London. This is usually considered to be the best of both worlds – it has the affluent and relaxed Dulwich to one side, and the vibrant Peckham to the other with lots of green spaces whilst also being well connected to the rest of London. It is repeatedly included on a major newspapers list of the 101 best places to live in Britain.
The senior lender -a UK-based bank – provided the senior facility to the borrower, an experienced real estate developer, with Imperial Blue Finance lending the mezzanine.