Further lending by REAL Bonds
Another transaction was completed today using REAL Bond finance. The new loan for up to nine months contributed towards the purchase of a freehold residential development site with planning consent overlooking open countryside in the London Borough of Enfield. REAL Bondholders are secured by a first charge over the site at 52% LTV (loan-to-value). REAL director Alan Bate comments, "This experienced borrower needed to exchange and complete quickly to win the site in a competitive market. We reinvested bond finance [...]
