FORGOT PASSWORD?
REGISTER

Refinance and Development Loan
Telford – 13 New-build Houses
Location - Telford
Property Value - £5,100,000
Loan Amount - £3,000,000
Loan Type - Residential
LTGDV - 59%

Three partners had joined together to develop thirteen new-build houses in a prestigious location in a village a few miles from Telford, Staffs. Construction was undertaken by an associated company of one of the partners under a JCT contract.

ABC was required to provide a loan which would repay a combination of secured loans and reduce one of the partner’s loans, which funds were required for further investment in his business.

At the time the ABC loan was made, four houses had been completed, of which one was the show house, and nine were under construction and sale of two of the properties was actively being negotiated since when the first sale has completed. .

#alternativefinance

Commercial
Property Loans
Finance for the property industry and business community
Residential
Property Loans
Short-term loans for homeowners and residential investors
Development
Finance
Individually structured development finance for residential and commercial projects
Alternative
Overdraft
The ALTERNATIVE Overdraft provides a flexible loan facility which can be drawn upon whenever required.
Alternative
Term Loan
Individually underwritten loans by people for people, not tick boxes and algorithms.