Our client identified a prime mixed-use urban site for a luxury residential and retail development. Traditional lenders were reluctant due to the site’s scale, mixed zoning, and requirement for short-term bridging and development funding. Speed and discretion were paramount to secure the purchase before competitors.
Million Plus Private Finance structured a bespoke £10 million loan, integrating both bridging and development finance elements. We presented the client’s multi-property portfolio, international holdings, and complex financial structure to specialist lenders, highlighting experience with similar projects and projected cashflows. Valuations and legal due diligence were coordinated efficiently to accelerate approval.
The loan included a 12-month bridging facility followed by a 24-month development term with staged draws linked to construction milestones. Interest-only and hybrid repayment options were implemented, preserving liquidity during the early stages of development.
This financing enabled the client to secure the site, commence construction promptly, and manage cashflow efficiently throughout the development cycle. The project achieved projected returns, and the client retained control over additional property investments.
