Case study: Atelier backs Hammersmith development with £37.7m loan
Original Article Summary
<p>The loan covers 70% LTGDV over a 15-month term.</p>
PropMatch Curated Analysis
Atelier provides £37.7m at 70% LTGDV for 118-unit office-to-residential conversion in Hammersmith, highlighting the critical role of permitted development schemes amid London's severe housing supply shortfall.
Investor Relevance
Shows active lending market for office-to-residential conversions with specific terms available. Demonstrates investor confidence in PD schemes as a viable route to meet housing demand, particularly relevant given the massive gap between current delivery and government targets.
Original Source:
Property ReporterStay Updated
Subscribe to our weekly briefings for curated property news and insights