Senior Living Apartments
IPCA Group assisted a client who was looking to venture into the senior living sector. Whilst the client was not experienced in senior living developments, they did have a background in property development.
The team negotiated with various lenders to achieve 70% lending on the project’s Gross Development Value. Through assisting the client with multiple planning complications, the team managed to complete the transaction promptly.
The client completed a total of 77 apartments and has a fantastic new asset to add to their portfolio.
- Two senior living apartment blocks
- Loan Amount: £25,000,000
- Two year term
- LTV: 70%