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Octopus Property launches third mainstream residential development finance product

Specialist finance provider Octopus Property has launched a lower priced development finance product as it expands its residential development lending range.
CoStar News
July 3, 2017 | 6:46 P.M.

Priced at  0.54%pm for loans up to 60% Loan-to-Gross Development Value, Octopus said a key market differentiator is the exit fee of 1%, which is charged on the gross facility amount only, rather than the GDV.

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