Development lending

Development finance for a residential development

The finance
Octopus Property provided a £3.5m senior finance facility over an 18 month term to assist Acorn Group with their latest development in Poole. The scheme, comprising the demolition of the existing pub and redevelopment of the site, provides a new block of 9 apartments and retail on the ground floor.
£
3.5m
single loan
18
month-term
65
%
LTV
Our solution
The subject property which is situated in Harbour Lofts right on the quay boasts uninterrupted views over the harbour. The units offer a bespoke selection of high quality contemporary apartments, each benefiting from its own element of outdoor space. They are a mix of one and two bedroom units, with two larger penthouses on top of the building.
Harbour Lofts offers attractive quayside living with endless water activity as well as the benefits of numerous restaurants, bars, boutiques and galleries along the harbour and the in the old town situated just behind.
"This deal shows our appetite to lend across regions as we continue to support developers outside of London."
Gavin Eustace
Head of Development, Octopus Property
Development lending
We work with hundreds of property developers, we know every project is different, and we are flexible to meet individual needs
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