The Project
We had been in discussion with this client over many months regarding various development opportunities. The client had worked previously for a National House builder but had never done a project in his own right and he was concerned that this might limit his funding options.
It was however obvious to us from the first discussions that this project was going to be very successful in terms of sales and as the client had appointed a very well established contractor to build the units for him, we were confident that we would be able to arrange funding for him.
Funding was agreed with a senior debt lender at 60% of GDV and the project was a great success with the bank being repaid on time.
The client went on to do 2 more projects in quick succession both of which we also managed to finance for him and we are currently in discussion with him in respect of a new scheme.
Testimonial
"I have worked closely with Paul now for about 5 years and we have successfully completed a number of significant projects together. Paul is my ‘go to’ man on all development finance, bridging and commercial mortgage related matters. Paul does more than just match a client with a product or potential lending partner, he becomes intrinsic to the deal and acts as a liaison (when required) between my business and the lending partner – leaving me to focus on other key aspects of the development process. Paul is well connected; from high street institutions to private equity investment partners, he can always seem to find a lending model to fit any proposal. I have a number of new projects in the pipeline requiring significant financial support and I fully intend on looking to Paul to guide me in this regard."
