Property Finance for Serious Investors and Developers

Challenge

With the original equity withdrawn, the scheme needed a lender prepared to take a considered view of the project, the developer's track record and the end value — and to fund both the site acquisition and the build in a way that worked for the programme.

Structure

We positioned the project with two merchant banks and obtained a GDV valuation from Knight Frank. The structure offered a 50% advance against site acquisition and 100% of build costs drawn in agreed stages, aligned to the build programme.

Outcome

Two heads of terms were issued. The client selected the offer reflecting the best overall value and flexibility — 2% set-up and 2% exit fees at 7% over three-month LIBOR — securing the £1.4m needed to deliver the scheme.

Challenge

Eleven facilities across multiple lenders meant administrative complexity, inconsistent terms and no straightforward way to draw on equity for new purchases. They needed a single, coherent structure — and a facility they could draw against as opportunities arose.

Structure

We carried out a full mortgage redemption audit and valuation review, then negotiated a complete refinance with three major institutions — including a £950,000 rolling 'cheque-book' facility for future purchases — at a rate of 3.5% over bank base rate.

Outcome

The portfolio was consolidated and repositioned onto consistent terms, the rolling facility gave the clients the flexibility to move quickly on new opportunities, and the improved terms generated around £67,000 in annual savings.