The Client
The client is an experienced developer, who has used West One for their development finance needs for 4 previous projects.
The Situation
The client owned a detached property on a large plot of land, they were looking to demolish the existing property in order to develop 9 high-end apartments.
The Solution
Development finance was the product best suited to the needs of the borrower for this project. The client had previously used this facility from West One and was confident in our ability to deliver fast reliable financing.
The Benefit
Our agile approach, combined with the expertise of our team of construction and finance experts meant that we were able to deliver a fast seamless completion for our client in just 1 month, from application to completion.
The Result
By returning to West One for development finance, our client experienced a smooth completion in just one month allowing the client to get their projects swiftly off the ground.
The loan term was 21 months which gave the client 15 months to complete the demolition of the existing property and development of the 9 new apartments, with 6 months for the sale of the apartments.
Related Case Studies
Development deals in six days
£1.69M Loan Size 65% LTVDV 8% Rate 18 Months
Strategic expertise and speed to support Empire Global Finance with £11m loan
£11M Loan Size 58% LTGDV 6% Rate 24 Months