en.Wedoany.com Reported - UK property development lender Atelier has completed an £8.1 million loan to support the development of 13 apartments in a prime location in Poole.
The loan has a term of 25 months and a loan-to-value (LTV) ratio of 70%. The funds will be used to refinance existing debt and finance the new construction of the project.
The project includes two penthouse apartments and 11 two-bedroom and three-bedroom apartments, along with parking spaces and landscaping.
Luke Eadie, Loan Manager at Atelier, said he is pleased to support a new borrower—an experienced local developer—in advancing this project in the sought-after location of Poole. The project is well aligned with local demand, and Atelier was able to structure a loan solution that supports both refinancing and project delivery.
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