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Case Study: Bridging and Development Facility

Our client approached us urgently to secure a development site that had planning permission for 7 houses. A fast transaction was required otherwise our client would have lost the opportunity to purchase the site.

We obtained a holding bridging facility to purchase the land, which provided our client with the necessary funds to complete the purchase within three weeks.

Bridging Facility: £650,000     Term: 6 months      LTV: 52%

We then obtained development funding for our client, with the same lender, to start the build.

Development Facility: £1.65m (clearing the land loan and providing funding for the build)

Term: 18 months      Funded 100% Build Costs: £900,000       Gross Development Value: £2.95m

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Case Study: Bridging and Development Facility

Our client approached us urgently to secure a development site that had planning permission for 7 houses. A fast transaction was required otherwise our client would have lost the opportunity to purchase the site.

We obtained a holding bridging facility to purchase the land, which provided our client with the necessary funds to complete the purchase within three weeks.

Bridging Facility: £650,000

Term: 6 months

LTV: 52%

We then obtained development funding for our client, with the same lender, to start the build.

Development Facility: £1.65m (clearing the land loan and providing funding for the build)

Term: 18 months

Funded 100% Build Costs: £900,000

Gross Development Value: £2.95m

Contact us

Call us on 0800 802 1003

or fill out the form below

When should we call?

By submitting your enquiry you agree to the terms and conditions and privacy policy and by clicking 'send' you are confirming that you are happy to be contacted via telephone, email or SMS to help you with your enquiry. Please contact us at sales@nichefs.co.uk if you have any questions regarding this.

© 2018 Copyright Niche Financial, All rights reserved. Niche Financial Solutions LLP is authorised and regulated by the Financial Conduct Authority, (FCA) 708467.
Registered in England No. OC349588

Niche Financial Solutions LLP
1st Floor | 3 Newbridge | Swindon | SN1 1HN

        

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© 2018 Copyright Niche Financial, All rights reserved.

Niche Financial Solutions LLP is authorised and regulated by the Financial Conduct Authority, (FCA) 708467

Registered in England No. 11278148