Chertsey & Chippenham

Type: Stretch senior loan – residential

Loan amount: £7.9m

Term: 1 year

Location: Chertsey & Chippenham

Loan secured and cross-collateralised against two sites, the first of which is in Chippenham and was acquired unconditionally by ASK’s client in 2017. The client subsequently obtained planning permission for a 140-unit retirement living scheme on the site.

The second site is in Chertsey and was introduced to the client in March 2019, and ASK’s loan provided support for this purchase.

The site measures 4.6 acres and has outline planning permission for a 116-unit retirement living scheme, and forms part of a wider Masterplan site where CALA Homes will be delivering 212 residential units. Detailed planning will be granted on satisfaction of all reserved matters.

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