Our client, a property developer, required a £3 million facility to fund a large-scale residential renovation project. Million Plus Private Finance conducted a detailed review of his development portfolio, projected resale values, and cashflow forecasts.
We structured a bespoke development loan with staged disbursements aligned to the renovation schedule. Legal, valuation, and tax considerations were coordinated to ensure efficient approval and controlled drawdown while maintaining compliance and risk management.
Our client secured a £3 million development facility at 65% LTV with a 12-month term. Staged draws enabled immediate commencement of the project, while interest-only servicing preserved liquidity throughout the build period. The development was completed on schedule and sold successfully.
