Assisted Living Accommodation

Project Description
  • 0
  • November 20, 2017

Two experienced developers, one an architect and the other a retired banker, had bought a site in a market town in Yorkshire for 13 townhouses within a secured walled area. The site also accommodated a centralised heating plant, swimming pool, orangery, on-site parking and a concierge service.

The townhouses were marketed to sell for upward of £400,000 each.
The developer had secured a senior debt facility from a bank and required a £500,000 mezzanine loan secured over the site to match their own £500,000 unsecured input.

The individual townhouses were sold to early retirees seeking a quality home in a beautiful part of the country.