Case Study
Poole Quay
Situated on Poole’s famous Quay, which has a variety of property and leisure facilities including retail, residential, restaurant and public houses. Many of the apartments have stunning views of Poole Harbour and the development is moments away from Poole High Street. The site is home to the former Poole Pottery warehouse which extends to approximately 30,000 square feet.
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Poole has a population in excess of 140,000 which in turn means it is one of the main employment centres in Dorset. Poole is home to a number of national and international companies providing employment such as Barclays, Lush, Sunseeker, Siemens and the RNLI.
VALUATION (GDV)
£18,939,000
PRIMARY LOAN & LENDER
£10,575,000 / Ingenious
ADDITIONAL FUNDING
£2,320,778 / P1 Capital
LTV
68%
SECURITY
Legal Charge, Debenture, Personal Guarantees
DURATION OF LOAN
30 Months
EXIT DATE
October 2022
EXIT
Capital and Interest repaid on sale of the development