CASE STUDY: Another Done Deal Secured By Restore

We sourced Warren development finance for a ground up project of 6 town houses in Staffordshire. Nearing completion, Warren approached us to request a facility to give him the time to market and sell the properties, so we arranged a completed development loan. Warren didn’t want to refinance the properties onto buy to let mortgages, which would therefore tie up his equity. Instead what he wanted was to sell the properties at market value, which the completed development loan allows him to do.

Since arranging this facility in​​January 2017, Warren has exchanged contracts for the sale of 2 properties and is expecting to exchange on another two before the end of February 2017. The lender has agreed to release funds to Warren from each sale giving him the funds for his next development project. We look forward to assisting Warren on any future developments he may have.

Completed development loan - A facility which is a bridging loan is secured upon a completed development which reduces as properties are sold with the funding provider taking an agreed.

If you want to get in contact with us to discuss your finance needs then click here.

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