Loan amount: £600k
Our client was a first time developer who had located a plot of land without planning in Clacton-on-Sea. We were able to facilitate the purchase of the land initially, then when planning was granted fund all build costs of the project to 100%.
When the four properties were water tight we were then able to reduce the rate of interest on the loan and allow the client a further 12 months to sell them off. Despite the fact our client was an inexperienced developer we were able to source funding up to 70% LTGDV.
To discuss your individual situation and find out how we can help with your specialist finance needs, call our Specialist Lending Department on 01249 474 956.