Christie Finance Real Estate secures development exit facility for a high value residential project in Ascot
Christie Finance real estate has successfully arranged a development exit facility for a client involving four detached homes in Ascot.
Christie Finance real estate has successfully arranged a development exit facility for a client involving four detached homes in Ascot, the highest value property amongst them went on the market for £2,800,000.
The deal, structured against an impressive Gross Development Value (GDV) of £6.3 million, included one property that alone reached a market value of £2.8 million. Ram Kakar, Head of real estate at Christie Finance, strategic financial solution enabled the client to obtain a 70% Loan-to-Value (LTV) facility based on the aggregate market value, rather than relying on the more limiting vacant possession or 180-day valuation figures.
This innovative approach significantly broadened the client’s available options, especially important as none of the properties had received offers at the time of the transaction.
Contact the broker:
Ram Kakar
Director - Head of Real Estate
M: +44 (0) 7764 241 349
E: ram.kakar@christiefinance.com