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.

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

Associate Director

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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