As we continue through the year we have more projects making great progress, funded in stages from our own facilities.
This particular development is a new build from the ground up for one of our existing clients. We were able to finance a significant proportion of the site purchase price as well as funding 100% of the build costs.
The development finance is being provided in advanced stages as required by our client
with interest being rolled up, paid on sale of the finished unit.
When complete, the property is to be sold and already has interested potential purchasers.
The site already had a property on it, which had to be demolished before the build could start. The build is progressing to schedule thanks to all involved and when finished, later this year, it will be a high quality, well finished, 3 bed detached house.
As well as new builds, we also fund renovation projects allowing clients to unlock the full potential of an existing or newly bought property. Click here for one of our latest.