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Development loan for 23 new homes

Property Case Studies

The Client 

Our client owned land with planning in Leadenham, Lincolnshire and approached us to seek development finance to fund 23 new build homes. At the time of enquiry, development funding rates were on the rise and our challenge was to source the most competitive solution.  

The Case 

As the client had a near-completed development of seven dwellings nearby, we we were able to raise a development exit loan on the existing site. The exit facility provided a high level of deposit for the new, larger development, giving the client access to some of the most competitive rates on the market. 

We worked closely with client and lender to overcome challenges within the planning permissions on the site and were able to deliver a flexible solution. 

The Result 

Work commenced on the site in spring 23 with the first six units now up and the build progressing to  schedule. We were delighted to visit the site and see first-hand the quality of these exquisite stone built homes. 

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