ABC refinanced an expired loan secured against a development site and is also providing 100% of the construction cost. Additional security has been taken in lieu of equity investment.
The developer, an experienced contractor, is constructing a single executive home using a timber frame system. The developer needed to make an advance payment to the timber frame supplier while also funding the cost of the access road and foundations. ABC has funded the frame in advance of it being supplied and fitted.
- 100% of cost
- Developer / contractor without third party JCT contract
- Advance payment for the timber frame