What was needed?
Our client in London was looking to borrow capital in order to build a brand new development of 8 mews houses, with the money going towards the cost of development.
The client had some money to provide up front, and already had the land and planning permission in place. The client was looking for a loan that would be in place for the duration of the construction, meaning a slightly longer term loan.
What did we do?
We sat down with the client, went through their plans, their experience and their construction timetable to ensure that they had the relevant plans in place before providing a number of options for lending.
The client settled on a development loan, which we shopped the market for to ensure they received the best rate.
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