Ingenious Real Estate Finance has supported an established developer with the provision of stretch senior funding for a development in Twickenham, Surrey.
The scheme compromises the conversion of former offices into 12 high-quality apartments containing a range of studios, 1 and 2 bedroom units with a gross development value of £4.8 million.
Ingenious provided the following facility:
Loan: £3,490,000
Facility Term: 15 months
Loan to Cost: 89.5 per cent
Loan to Value: 72.2 per cent
Interest charges: 1 per cent per calendar month
Arrangement or exit fees: None
The developer was established in 2006 and is highly experienced in residential and mixed use developments in Twickenham and other South West London suburbs.
Broker for the developer, Gary Walsh of Optima Commercial Funding, commented “Getting development finance across the line is always challenging particularly when timescales are tight -not only do Ingenious have a market-leading product in terms of leverage and pricing but it was heartening to work with a team that were both commercial and pro-active in getting the deal done”
Ingenious specialises in providing experienced developers with stretch senior finance in London and the South East.
For further information please click here or call 0207 319 4000 or email: [email protected].

Ingenious Real Estate Finance has supported an established developer with the provision of stretch senior funding for a development in Twickenham, Surrey .
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