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Residential Development |
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Bedford - £1,800,000 raised over two sites for five executive houses in total. Loans providing over 80% of costs were achieved through a major UK bank at senior debt margins.
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Rochester - £2,000,000 raised for development of 12 contemporary houses following client improving the planning consent. A loan providing 100% of costs was achieved on senior debt terms with a modest exit fee. |
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East Grinstead - £2,700,000 funding raised for the development of 14 luxury flats including 2 magnificent penthouses. Over 95% of funding costs were raised with the developer retaining the great majority of the profit. |
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Maidstone - £1,560,000 raised for the redevelopment of a former public house where planning permission had been granted for 8 new houses. The bank provided 80% of the costs of the project on attractive terms and, importantly, agreed also to fund the VAT on the purchase pending refund from HM Revenue and Taxes. |
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Tonbridge - £1,480,000 funding arranged for the development of 8 new apartments following the demolition of a large house close to the town centre. The lender 100% funded the purchase pending the sale by the developer of the final units of another scheme in Kent. |
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