Finance To Complete A Care Home Development Project In South West London
The Scenario:
A private developer needed £330k to complete a care home development project. They were unable to secure a loan against the project due to other financial interests involved, making it difficult for the developer to raise the necessary capital.
The developer needed to find a quick solution to keep the project moving forward and avoid having to sell the development unfinished.
Our Solution:
Clifton Private Finance took the developer on as a client and soon identified a solution. We found a specialist development care home finance lender who was willing to secure a bridging loan for £330k as a second charge on a buy to let property the client also owned (valued at £470k).
This solution allowed the client to unlock the funds they needed to complete their care home development at an attractive rate of interest. We were also able to agree no exit fee for the client when they came to repay the loan, helping to reduce their overall costs.
The bridging loan was offered over 12 months, allowing the client time to complete their development and sell the finished property. They were then able to repay the bridging loan and take home a healthy profit.
Are you in a similar position? To investigate your finance options call our team on 0117 959 5094 or fill in our call back form.
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.