Are you a property developer who needs to refinance development funding onto a longer-term investment loan? We are experts at arranging large commercial loans for developers of properties held in complex structures. We have the private and specialist banking contacts to provide tailored solutions to suit your requirements.
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Our client was seeking £5.4m to refinance their residential development, as the current funding terms were due to expire following practical completion. The refinance was for a ‘high-spec’ conversion with over thirty units in a fabulous sea view location in the South-East.
Charles Ayton, Senior Commercial Manager, scoured the market to find several potential funders, each offering terms. The Private Bank terms came in the most competitive on debt quantum and pricing. Several calls took place to create a long-term relationship, and the new funder agreed from the outset to also fund future developments. The new terms were well received by the client, who was pleased he could repay his existing lender and plan upcoming development projects with the finance assured.