£1.3M Bridging Loan For Property Development In Chelmsford

Area
Chelmsford
Capital Raised
£1.3M

Access to quickly available finance at rates that allow for a good return on investment are essential to every builder-developer.

The Scenario

Our company-owner client had identified a property in Chelmsford available for development, which was on the market for £800K.

He intended to do the building works himself, and approached us with an impressive portfolio of assets; he also had £500K in cash which he did not want to commit to this next project.

He was looking for a development bridging loan of £1.3M to purchase and develop the project.

The Solution 

We approached out trusted lenders, were able to secure an advantageous 65% loan-to-value (LTV) rate on his development finance plan.

Our client managed to purchase the property for £750K. The remaining £550K funded the building works and marketing, and the completed development sold for £2M: a very healthy return

 

 

Alex Chambers

Senior Finance Broker

Bristol

0117 403 4324

Have a similar situation? I'm a specialist in residential and investment property finance for UK and international clients. I look forward to hearing from you.

Luther Yeates

Finance Broker

Bristol

0117 244 5561

Have a similar situation? I am a specialist in residential and investment property finance for UK and international clients. I look forward to hearing from you.

James Palmer

Senior Associate

London

0203 900 4322

Have a similar situation? I specialize in development and commercial finance and can provide creative solutions for your property funding requirements.

Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

Have a similar situation? I specialize in bridging finance and can provide creative solutions for your property funding requirements.

Robert Gibb

Senior Finance Broker

Bristol

0117 959 5094

Require mortgage or short term finance for residential or buy to let property (including HMOs and limited companies)? I have extensive experience on providing property finance solutions for UK and International clients.

Adam Arnott

Senior Associate

Bristol

0117 205 0214

Are you in a similar situation? I have extensive experience in advising clients on providing creative property finance solutions. I look forward to hearing from you.

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