Impact Lending are delighted to have completed a green loan to support an experienced developer with a residential scheme in Barnet, North London. The £1.2m facility enabled the developer to purchase the existing property and will provide constructions costs in stages to complete the project over a 13-month term.
The existing property comprises a semi-detached house with planning permission to extend and subdivide, creating two, three storey family homes, each with generous gardens and off-street parking. Within the scheme a number of measures are built in to help limit the environment impact of the project.
Situated in a highly sought-after residential area, once completed, the development provide much needed quality accommodation situated with great access to local amenities and excellent transport links into the city.