What was needed? Our client purchased an undervalued property based in Manchester at auction. Our client's plan was to purchase the property from auction and move it onto a buy-to-let once all works to the property have been completed. LTV The client required a loan of 75% of the market value of the property which was £100,000 Rate The bridging finance was agreed upon at a rate of 0.95%. Term The total term of the loan was 6 months. Exit [...]
What was needed? Our client in London purchased a property at auction, a 3 bedroom townhouse that had structural issues. The client had originally agreed finance with another provider but the lender pulled out once the structural issues were identified by a survey. The client needed to replace that auction finance as quickly as possible. What did we do? We sat down with the client to understand what the structural issues were, what needed fixing and what their situation was [...]
What was needed? Our client in Twickenham required a re-financing agreement where they needed capital whilst in the process of achieving planning permission. The money was needed to cover the costs of development whilst achieving planning permission before re-financing. What did we do? We sat down with the client to understand their requirements, and the client told us that they could get finance elsewhere 5 days before the end of the previous term, before informing us they needed an extension. [...]
What was needed? Our client identified a large semi-detached property that required planning permission to be converted into three apartments. Refurbishment works were required on the property before planning could be granted, and so the client needed capital to complete the work whilst the loan was outstanding. What did we do? We sat down with our client and went through all their requirements, their experience and their plan for completing the project as well as the time scale they thought [...]
What was needed? Our client had identified a plot of land that they saw a development opportunity for and needed to raise capital in order to purchase the plot as well as cover the costs of developing it into residential properties. What did we do? We spoke to the client to understand what their experience was like, whether they had a good track record, and where they were with planning permission for the plot. After establishing these facts and what [...]
What was needed? Our client in Kent had converted a former public house into 6 residential units but decided they’d like to keep 3 of those units as a property investment in their portfolio. The client wanted to refinance the project in order to pay off their existing agreements and investors for a longer term agreement. What did we do? We sat down with the client and discussed the project, their needs and the length of time they were looking [...]
What was needed? Our client was looking to purchase a property in order to redevelop it and add value with the addition of a single storey rear and side extension and a loft conversion. The capital required was for the purchase of the property as well as the cost of development, with the client providing a reasonable deposit. What did we do? We sat down with client to understand the project, their experience and the capital they had, as well [...]
What was needed? Our client had completed the development of 4 detached, residential properties and wanted to release the extra capital created by the increase in value of the development. The client wanted to release this extra capital by re-financing the development in order to fund the start of their next project. What did we do? We spoke with our client to understand what they needed, what the new value of the development was, and how long they needed the [...]
What was needed? Our client was using a Special Purpose Vehicle, a specialist type of investment company, to purchase an office building in Newbury and convert it into 109 flats. The client needed the capital to complete the purchase of the building as well as help towards the costs of converting the premises into residential units. What did we do? We discussed the client’s needs and requirements and then shopped the market and our panel of lenders for the best [...]
What was needed? Our client was looking to purchase an office building in Reading in order to redevelop it and convert it into 69 flats, as well as a further 45 flats in the roof space over two floors. The client had money towards the project but needed further capital in order to cover the cost of development over a longer period whilst the works were completed. What did we do? We sat down and reviewed our client’s plans and [...]
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? [...]
What was needed? Our client needed a longer term finance arrangement for some unsold properties on a development they had completed, and their previous finance arrangement had come to an end. Having completed the development but been unable to sell the remaining units before their previous finance completed, our client needed to re-arrange the finance on these units as soon as possible. What did we do? We sat down and spoke our client about their options, such as development exit [...]
