The case in brief
- Client: British National Developer
- Land Value: £895.000
- Build Value: £900.000
- Gross Development Value: £2.5m
- Deposit:£180.000
Our client
We were approached by a client of ours who was looking to pursue his own property development project. The client was UK based and this would be their scheme. Looking to get into property development yourself? Download our guide for more information or get in touch with a broker today.
This ambitious project required securing the right financial solution to turn their vision into a reality.
The Challenge
Whilst the client had a clear vision and a solid project, the financial aspect posed a challenge. Lenders are very cautious when it comes to first-time developers and the majority will only lend to someone with a proven history of successful schemes. The client was also looking for a 90% loan to cost.
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Our Solution
Understanding the unique demands of this project, Articus Finance stepped in as a strategic partner. Leveraging our extensive experience in UK commercial and development finance, we recognised that a specialised approach was needed. We immediately reached out to a lender with whom we had cultivated a long-term relationship, and who possessed a deep understanding of development projects – and are fine with first time developers, for the right client.
Through our collaboration with this lender, we secured a tailored development finance solution that aligned perfectly with the client’s needs. The terms of the mortgage were structured to accommodate the project’s timeline, allowing for efficient land acquisition and construction. This bespoke solution not only addressed the financial challenges but also provided the client with the confidence to move forward with their expansion plans.
Conclusion
At Articus Finance, our brokers possess extensive experience in all facets of UK commercial and development finance. This case exemplifies our commitment to understanding each client’s unique situation and tailoring solutions that bring their visions to life. Our strong relationships with lenders and years of experience in the field enable us to navigate complex projects with finesse. If you’re seeking a partner to guide you through your financing journey, whether for commercial expansion or development ventures, please contact us.