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Property Development Facility - £1,000,000

We have arranged Commercial Mortgage facilities for many clients and purposes. The following is an example of the facilities we have arranged for our clients.

For: Development Facility for 9 houses

Location: Cotswolds

The client owned a Residential Care Home, which had closed down because it was not "fit for the future".

Planning permission was obtained for a Residential Housing Development which involved demolishing part of the existing Home and converting the remainder into two units, plus seven new build units in the grounds. The client's Project Manager was formerly the Commercial Director of one of the large building plc's.

  • Facility agreed of £1,000,000 covered 100% of development costs.
  • Bank base rate plus margin 2.5%.

Complete a contact form or call 0115 9849800 to find out how our experts can help you to secure the commercial mortgage or other property finance you need.

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