A property developer in the East Midlands contacted us as they were developing 2 large properties.
The customer was looking to fund £980,000 over a 24-month term for the development.
Using our wide panel of funders, the lending was split into 65% loan to gross development value and 80% loan-to-cost ratio.
Land with planning gain was also used as full contribution, including day 1 cashback and 100% of the build cost funded.
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