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Returning to West One for Development Finance

Choosing a lender for your development finance is an important part of any construction project. You need a lender who will take an interest, transact fast and be flexible in case of any hurdles that may occur during the build. West One are agile and move with developers and the construction process to get developments finished as early as possible saving the client time and money.

We have a lot of repeat borrowers because these clients know how we work. This repeat borrower came to us for more development finance after a run of successful projects with us.

 

  • Loan value
    £5,236,000
  • LTV
    65%
  • Development value
    £8,650,000 
  • Loan term
    18 months (12-month build, 6-month sales period)
Returning to West One for Development Finance

The Client 

This developer is extremely experienced in the property development world and a repeat borrower who currently has two projects with us.

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The Situation

The first phase of this project was to demolish an existing warehouse. The project plan was then to develop 9 flats, made up of 1 and 2 bedrooms located in Godalming.

The developer needed a development facility to assist with getting the build started.

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The Solution

A development finance facility was the only suitable option for this kind of project, and the client came to West One as they had utilised this form of funds from us several times in the past.

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The Benefit

The benefit of coming to West One is that we work at speed, we are consistent, and go the extra mile when hurdles crop up to get funds delivered to our clients. West One is motivated and strives to build lasting relationships with their clients so they return to us.

The Result

The client had a very smooth and quick application with us and received funds before the project was due to start. This eradicated any delays to the project kick-off date and the builders were able to get on sight quickly to start the project. The demolition of the warehouse and the construction of the units was successful and on time and having the finance delivered on time was a big part of that.

The Testimonial

“We have found West One approachable, understanding and very easy to deal with. Lisa our client manager has been extremely helpful, and we look forward to working with her in the future.”

Returning to West One for Development Finance