Titlestone Funds Hoover Building
Titlestone Property Finance have provided funding for the iconic Hoover Building in North London.
IDM Properties are undertaking the conversion of the Grade II* listed building into 66 apartments and received credit approved terms from Titlestone within one week of enquiry.
Robert Orr, Chief Executive of Titlestone commented: “This is the conversion of an attractive building being delivered by a quality developer. With an affordable price point and strong transport links, it’s just the sort of residential project which Titlestone looks to support. I’m also delighted that so many of our clients keep choosing to work with us”.
Titlestone provides stretched senior debt to established developers across Southern England with loan sizes of £1.5m to £25m normally at 65% to 70% of the gross development value.