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From the Ablrate Blog

Property Development 12/02/2020

This loan has been provided to well-regarded property finance specialists who invest on a short-term basis in property development. The borrower works with established UK property development companies, primarily focused on properties in south-east England.

This particular loan is assisting the Borrower with a joint venture to construct eight residential properties in Hampshire with an experienced property developer.   Lenders are receiving 13% and the borrower has committed to a first loss portion.