Commercial News

Oblix Capital complete on £2.04m loan

Amy Loddington -
|
10th September 2018
development commercial house

London based specialist property lender Oblix Capital has completed a £2.04 million development loan, helping fund the construction of 12 new-build apartments, in the southern town of Haywards Heath.

The loan itself was agreed on a 17-month term at an LTGDV of 63%, giving the developer the optimum amount of time to construct and sell all 12 apartments. 

This completion follows on from a consistent growth period for the lender having received nearly £50million of applications in August - surpassing all previous monthly application records. 

Andy Reid, Sales Director at Oblix Capital said:

“This latest completion typifies a very successful growth period for the company.  We’ve been meeting the market demand with property finance that is equally agile yet reliable - forging some fantastic relationships with brokers and developers alike. A big thank you goes out to the exceptional team here at Oblix Capital, who have all been tirelessly pulling together and taking the business to new heights.” 

 

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