Case study

November 11, 2022

January 10, 2022

5 min

read

Residential property development: Gloucestershire - £5.1m

Case study

November 11, 2022

10/1/2022

5 min

read

Residential property development: Gloucestershire - £5.1m

Key information:

  • Sector: Residential development
  • Location: Stroud, Gloucestershire, UK
  • Loan amount: £5.1 million
  • Term length: 24 months

Sourced via a long-term relationship with a debt adviser, Downing provided a £5.1m first charge loan to Cornwell Construction for the development of a 33-house estate in Gloucestershire.  

The loan was over a 24-month term with an estimated loan-to-gross development value of 63%.  

The houses themselves are mass-market affordable housing, targeted at owner-occupiers. The scheme created a multiplier effect by generating a positive economic impact for local traders and professionals.  

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