£1M Flexible Finance Facility To Enable Experienced Property Developer To Act Quickly

Area
HEREFORD
Capital Raised
£1M

Experienced developers want to be able to act fast on property opportunities, and not be slowed down by application paperwork.

The Scenario

Our client is an entrepreneurial developer in his mid-50s with a £2M property portfolio of 15-18 properties, with an LTV of 63%.

He wanted some opportunity funding with speedy, straightforward access that he could draw upon for auction or land purchases. (He didn’t want to have to justify his borrowing each time in applying for individual mortgages.)

The Solution

We were able to put together a £1M Revolving Credit Facility For Property Development Finance as a first charge against his portfolio, from 0.75% a month. He has cash available within 24 hours, no forms to fill out, and only pays interest on the money he draws down from the facility. There’s a low quarterly admin fee of 0.25% on the unused balance.

A fast and flexible funding result that involves minimum intervention from the lender (beyond an annual review of his portfolio value). And cheaper for our client than a standard bridging loan arrangement.

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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