Financing for the conversion of an office building floor into 30 residential units and for the VAT derived from the purchase
Loan Amount
€4M
Term
24 months
Leverage Levels
LTV
0%
LTC
0%
LTGDV
0%
Purpose
Development of 30 multifamily units
Exit
Refinancing through the delivery of the units
Key Points
Conservative leverage ratios
Experienced developer
Development 23% presold before financing
Build license granted
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