Lendhub provides £2.1m for Surrey residential scheme
UKPulse Property Desk
Lendhub has provided £2.1m in development finance for a 15-unit residential scheme in Addlestone, Surrey.
- The facility covers the acquisition and refurbishment of a 12-flat apartment block, plus construction of three additional units through a rear extension.
- The project has a projected gross development value of £3m upon completion.
Lendhub provided £2.1m in development finance for a residential scheme combining the refurbishment of an existing apartment block with new construction on the same site.
The facility covers acquisition and refurbishment of a 12-flat apartment block, plus construction of three additional units through a rear extension with planning permission already secured.
What this means for you: This development may increase the value of similar properties in the area.