Office to residential scheme of 49 units, mixture of 1 and 2 beds units
Return: 10% preferred return, 50% profit share, 48% ROC
Carpe Diem Property raised a significant proportion of the equity on behalf of the developer.
Headline Figures:
Equity Required: £1.7M
Total Costs: £8.6M
GDV: £11M
Project Length: 18 months
Profit on cost: 22%
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