Development Finance Case Studies

First time ground up development

A developer was looking to arrange finance for their first ground-up development of 3 timber framed houses on the site of a former government building in Wales. A facility was arranged for £480,000 to fund the build at a competitive rate of 7%, with an arrangement fee of 2% and an exit fee of 1%.

Large residential and commercial project

The client was an overseas developer looking for funding for the conversion of a large former retail building into 118 flats with 3 commercial units, on the south coast of England. This was their first UK project, with a GDV of £39m. A facility of £23m was arranged at a margin of 5.25% over LIBOR with an arrangement fee of 2% and an exit fee of 1.25%. 

Multiple self-build plots

The project involved the purchase and preparation works for a site in Bedfordshire with planning for multiple self-build plots. The site had been secured under an option agreement before planning was obtained. A loan of £2.7m was arranged to fund the purchase price of the site plus the cost of groundworks, at a rate of 1.07% per month with an arrangement fee of 2%.