Area: Dunstable, Bedfordshire
Loan amount: £600k
Our client had agreed to purchase a plot of land in Dunstable, South Bedfordshire subject to planning. Once the planning was agreed the client contacted One 77’s Specialist Lending Department to arrange the funding for the initial purchase and 100% of the build costs for the three homes that were proposed.
The client had no previous experience of property development – with his passion combined with our lender relationships we were able to make his vision a reality.
In addition, we funded the project to 70% LTGDV, meaning the client only ever put cash in on day one of the deal.
Do you require first time developer finance? For our full range of specialist finance options and products call our Specialist Lending team on 01249 474956.