Back to all media

Development Loan for 9 Flats at 70% loan to GDV

Property Case Studies

The Client

Our client was looking to fund a development of 9 flats in Leeds. The company have a number of schemes to their portfolio, but this was the first large scale development project. As an ambitious, young company, they wanted to minimise the cash injection required so as to retain liquid funds for other projects. To support this, we sought to maximise the loan to value of the borrowing.

The Case

Some lenders deemed the development was in a less desirable part of the city and therefore, it fell outside of their development loan criteria. Similarly, owing to a lack of like for like experience, some lenders were unable to support the scheme.

The Solution

We were able to source a development loan providing 100% of build cost, and a significant amount of the purchase price. The lender provided a facility at a very competitive 70% loan to gross development value.

The client was able to progress with the project and plans to sell the units on completion. It will make for an impressive addition to the company portfolio and the sales will provide funds for future projects.

Speak to a member of our development team.

You may also be interested in:

100% Bridging Loan

Property Case Studies

See More

Financing a Flip

Property Case Studies

See More

Commercial Valuation And Refinance Of HMO

Property Case Studies

See More

Registered Address:
Pilot Fish Broker Limited, Allia Future Business Centre, London Road, Peterborough, PE2 8AN

Pilot Fish is the trading name of Pilot Fish Broker Limited.
Registered in England and Wales. No. 956 09 50

Pilot Fish Finance © 2024 All Rights Reserved

site powered by