First Bridging Loan of 2021 Completed

Palace Road

CGI of new property planned for Palace Road project.

Absolutely delighted to get funding for this residential project in Brixton completed to kick off 2021.

Castlehill Capital had been in discussions with client for over 6 months regarding this project and time was ticking until the intilal planning consent expired.

However, a monumental effort by the client and some of the lending staff over the festive period ensured that the funding was ready in time to break ground and crystallise the planning consent.

An irregular shaped plot required some inventive design to allow for 3 properties to be accommodated and consented by the local planning officer.  Yet again , it was another first time developer we assisted on this project.  Their clear command of the project and it’s requirements gave everybody comfort to proceed with the funding.

An initial £700k was provided to assist with the purchase and 1st phase of works. With a further £1m available as the project progresses.

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