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.

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

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 to discuss your situation at any time that's convenient for you.

James Palmer

Senior Associate

London

0203 900 4322

Are you looking for similar property finance? I specialise in development and commercial finance for Clifton - I can find creative and commercially effective solutions for your project.

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.

Contact Us