Pear Tree House, Chingford

development Loan

London Wall provided a development loan to finance the conversion of a closed down care home into a 60-unit social housing scheme for the benefit of vulnerable persons requiring emergency or temporary housing.

  • Location: Gordon Road, Chingford
  • Loan Amount: £4.4m
  • Type: Residential Refurbishment
  • Term: 12 months
  • LTGDV: 49.82%

Key ESG considerations:

  • The refurbishment brings affordable housing to an area with lack of such.
  • Exterior overhaul together with internal works will improve energy efficiency of the building.
  • Windows and timber to be replaced with materials encompassing heat retaining properties.
  • Central heating/hot water system is to be upgraded improving the current Energy Performance Certificate (EPC)2 ‘C’ rating.
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