Our client is developing 5 houses in the centre of this desirable Yorkshire town. All 5 houses have been sold and contracts have been exchanged, completion due in 6 months. The developer is seeking £1.37m to allow him to purchase the site off a larger project and complete construction.
Investment amount: £1.3 million
Projected annual IRR: 35%
Term: 6 months
Total sale proceeds on completion: £1,765k
Site purchase price: £550k
Construction cost to complete: £700k
Time to complete scheme: 20 weeks
Total requirement (incl. fees & interest): £1,300k
Requirement as a % of completed value: 74%
Security: full first charge on the site
Contact: James Thomlinson (james@redchilli.com / 020 7780 6563)
For more detailed information on all the current opportunities
download the full PDF document below.
(PDF 1.8MB)
For more information on these or any other details please contact us at 0845 210 5000 or info@redchilli.com
Red Chilli Structured Finance, Minories House, 2-5 Minories,
London EC3N 1BJ,
United Kingdom
