Case Study – First Time Developer Finance For Plot Of Land In Essex - April 9, 2018

Area: Clacton-on-Sea

Loan amount: £600k

Development finance in Essex

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.

Find out more about our finance solutions for First Time Developers.

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.