Kinloch Real Estate have arranged a Senior debt facility for a £10.6m GDV development in Kent.
Kinloch arranged the facility of £6.85m to run for 18 months for an experienced developer who has worked with Kinloch for several years . The facility represents 65% GDV . The scheme comprises 12 apartments , 6x 3 bed terraced properties , a 5 bed detached house and 2x 4 bed semi-detached houses set in the extensive grounds of a former school. Since the funding was confirmed in mid April the developer has sold off plan 6 of the apartments and is on target to complete the development within 12 months.