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£5m development finance for large development

Finding the right Development Finance provider can be a tricky process to navigate, even with years of experience in property development. You need a lender who you absolutely trust and one that will partner with you throughout the whole journey.

At West One, we pride ourselves on building robust and lasting relationships with our developers, so they have no doubt about returning to us in the future.

 

  • Loan value
    £5,236,000
  • LTV
    65%
  • Development value
    £8,650,000 
  • Loan term
    21 months (15-month build, 6-month sales period)

 

The Client

The client was a developer with over 40 years’ experience in property development, completing a variety of different schemes.

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The Situation

The client needed to raise funds quickly to begin the development of 23 units. This consisted of 8 x 3- and 4-bedroom semi-detached houses, 4 x 4 bed detached houses and 11 x 1- and 2-bedroom flats located in Basildon. There was a lot of work to do, and the construction team were ready to start.

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The Solution

Development Finance was the most suitable option for this type of development, so our team of experts got to work on getting the application processed as quickly as possible.

The team come with a wealth of experience and have worked through hundreds of cases, getting them to completion in record time. This case was no different and was completed within one month.

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The Benefit

By coming to West One for your Development Finance, you are instantly accessible to our team of experts.

We have an in-house team of RIC surveyors, another team of development and construction experts – all of whom will provide the highest level of customer service and genuine care and interest in the project from start to finish.

The Result

This was the first time the client had used West One, and they had been in the business of developing property for forty years. They were very pleased with the speed of completion and the personal service they received all the way through their journey. They were able to get their project delivered on time and within budget and had the team at their disposable when they needed help or advice.

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