Reference
2141

Location
Shefford

Loan to Value
70%

Gross Loan
£360,500

Loan Term
1 year

Our clients were experienced investors and developers who were acquiring a 3 bedroom semi detached house in Bedfordshire which also had the benefit of planning permission in the garden for 2 houses.

Octane provided a short term acquisition loan and allowed the client to refurbish and sell the house whilst applying for full development finance for the houses to be built in the garden.

The refinance of the Octane facility would be via the sale of the existing house and or the land loan from the development funder once approved.

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across the UK