After 80 years of family ownership, the current generation decided to sell their large London property.
The offers received on the property failed to allow for its full potential. The owners, who had no previous development experience, decided to re-develop the property into 7 luxury apartments.
Fox Funding provided a £2.5mln facility to pay out the existing lender and fund the development. Planning permission for the full conversion had not been received at the date of the initial drawdown.
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