Renegotiated Hunter-style Finance For Experienced Developer

Area
Herefordshire
Capital Raised
£1M

Good broker-client relationships don’t end when a deal is done. Improving on a previous best-available offer is a win-win all round.

The Scenario

This was a client for whom we had previously arranged a flexible finance facility for development projects.

After running a family business in Herefordshire he had built up a property portfolio and had an impressive development track record: some 120 houses completed.

His most immediate projects for which he was looking for finance were to convert a shop with low rental return into two flats (£150K) and purchase a field and apply for planning permission for it (£150K).

The Solution

We had arranged up a flexible draw-down finance facility as a first charge against his current portfolio of 18 properties, at a rate of 0.75% per month.

Further discussions with an alternative lender – a private bank – resulted in a proposed facility with greatly-improved terms, at 0.3% per month for a £1M facility for five years.

The same bespoke flexibility: no requirement to draw down a minimum £500K, no early repayment fees. The client pays just a 2% arrangement fee but interest only on the monies he accesses.

An excellent result for a long-term relationship.

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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