Clerkenwell

Type: Senior loan - refinance

Loan amount: £12.5m

Term: 12 months

Location: Clerkenwell, London

Loan secured against a 0.39-acre site in Clerkenwell, London, comprising a former Victorian school building which was last in use as short term office accommodation.

The property benefits from planning permission for new grade A office space, a 153-bed hotel and nine affordable residential units. ASK’s client has secured a pre-let of the hotel element and a pre-let and sale of the affordable units.

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