Bridging and Development Loan for Property Development In Essex

Area
Essex
Capital Raised
£625k

The Scenario:

The client had sourced land in Clacton-on-Sea worth £190k and intended to build four semi-detached houses. Due to some unforeseeable delays the client had only ten days to complete the sale.

The client needed approximately £625k to complete both the purchase of the land and the development of the houses.

With such a short amount of time, the client decided not to approach a traditional lender and contacted Clifton Private Finance to explore his finance options.

Our Solution:

With such a tight deadline, we felt it was important to complete the purchase of the land as soon as possible. Through our strong links with private banks and specialist lenders, we were able to arrange a quick bridging loan, with a three month term of finance, to cover the cost of the purchase of the land within seven days.

After the client completed the purchase, we were able to persuade the lender to refinance their own loan with a development loan facility. The client used some of his own capital to start the project and bring it to a certain point and the development was funded completely thereafter.

We were able to arrange the best financial solutions for our client that enabled him to secure the land he wanted and start developing his project.

Jack Spillane

Finance Broker

Bristol

0117 959 5094

Is your situation similar to this? I specialise in helping clients who need creative development finance solutions, and second-charge mortgages. Give me a call any time and we can set up a detailed discussion of the finance you need.

Mathew Phillips

Finance Broker

Bristol

0117 959 5094

Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.

Alex Chambers

Senior Finance Broker

Bristol

0117 403 4324

Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need.

Luther Yeates

Senior Finance Broker

Bristol

0117 244 5561

Are you looking for a similar type of property finance? I have extensive experience finding residential and investment property finance for UK and international clients. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.

Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

Is your situation similar? I am a bridging finance specialist at Clifton. I can find a quick, cost-effective solution for the funding you're looking for.

Robert Gibb

Senior Finance Broker

Bristol

0117 959 5094

Are you looking for mortgage or short-term finance for residential or buy-to-let property (including HMOs)? I have extensive experience in finding property finance solutions for UK and international clients, both as individuals and limited companies. Please give me a call and let me see what I can do for you.

Adam Arnott

Associate Director

Bristol

0117 205 0214

Is your situation similar to this? I have extensive experience of advising clients who need creative property finance solutions. Please get in touch and we can arrange a time that suits you for a detailed discussion of your requirements.

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