Case study: STB completes £4m redevelopment loan for Suffolk magistrates' court
Original Article Summary
<p>The listed building has been converted into six premium apartments, four of which have already sold.</p>
PropMatch Curated Analysis
STB provided £4m development finance at 58% LTV for converting a listed magistrates' court into six premium apartments in Suffolk. Four units already sold, demonstrating viable market for heritage conversions.
Investor Relevance
Shows active lending appetite and specific terms available for listed building conversions, with demonstrated exit success (4 of 6 units sold). Relevant for developers considering heritage property opportunities and understanding current financing landscape.
Original Source:
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