Case study: UTB backs £16.5m Rushmon Homes developments in Surrey
Original Article Summary
<p>UTB is providing £10.7m in finance, covering 65% LTGDV for both developments.</p>
PropMatch Curated Analysis
UTB provides £10.7m funding at 65% LTGDV for two Surrey developments by Rushmon Homes, with recent comparable sales achieving £1.47m-£1.75m for apartments in Cobham.
Investor Relevance
Demonstrates current lending appetite and terms available for residential development, provides pricing benchmarks for Surrey market, and shows successful track record of brownfield site regeneration which could inform acquisition and development strategies.
Original Source:
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