Demolition and Erection of 8 Residential Units in Shenley
Development Completion: £6.98m
Loan Amount: £9.15m
Duration: 21 months
This is an excellent example of why West One establishes great relationships which is leading to multiple repeat projects.
Unforeseen circumstances left the client requiring a refinance from an initial bridging loan, and also full funding of development costs.
The client was known for completing projects within good timeframes and at high-quality standards.
This was a big factor in West One getting comfortable with this deal.
Their initial source of funding was no longer viable leading to them turning to West One for help.