Development and refurbishment of existing property into House-In-Multiple-Occupancy – £362k
The situtation: We were approached by an existing client who required development finance. They acquired the site at auction, and needed to complete within 28 days. It was also essential for their business model as they had a work force they wished to retain. This was a complex case which most lenders were not interested in funding due to the location.
The solution: However our vast array of specialist lenders meant that we were able to secure sufficient funds in time, in order to fund the purchase, build costs, associated fees, bank charges and interest.