Project Description

  • Grimsby

  • £128,000

  • Development Loan

  • 30 Days


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Case study:

4 Fraser St, Grimsby, DN32 8AQ

Urban Lets Northern are a very new development company having only incorporated 12 months ago. Despite being a newly formed company the stockholder within the company are actually established borrowers and as such they have their core investment principles in place for which they look to distinguish good development opportunities.

The company look for investment opportunities close to their base in Leeds and in particular they look for medium refurb to development opportunities. Being well versed in development served them well when they cam e to Mint looking to fund a multi property project.

Urban Lets Northern approached Mint looking for a development loan to undertake a medium grade refurbishment across two properties in the Grimsby area. Being experienced the developers were very clear on what they required from there funder and were delighted when Mint were able to provide more day1 drawdown than they expected given the complexity of the refurbishment project.

Our development loan was for £128,000 0ver 12 months with an initial day 1 drawdown of £83,000. The company have worked very actively with Mint Bridging throughout the funding process with the first property complete and the second one due for completion imminently.

From Funding To Completion Mint Provided

Strategic Support At Every Step

What the client had to say about working with Mint

“Our client had funded their development with a well-known bridging lender. The development of apartments were all completed and on the market for sale but the current lender refused to extend the term and instead was threatening an LPA receiver. We successfully worked with Mint to refinance the loan, providing our borrower with enough time to sell the flats and realise their profit.”

Aaron Sinclair, Mint Bridging Customer

See why businesses & investors trust Mint Bridging

to help them secure finance

Transparent

We review all finance options to

find tailored funding solutions

based on your needs

Quick Acceptance

Our service is funding is built for

efficiency to help our clients grow

without cashflow roadblocks

Service

From direct access to underwriters,

free project management & more

discover why Mint are best in class

Case study:

4 Fraser St, Grimsby, DN32 8AQ

Urban Lets Northern are a very new development company having only incorporated 12 months ago. Despite being a newly formed company the stockholder within the company are actually established borrowers and as such they have their core investment principles in place for which they look to distinguish good development opportunities.

The company look for investment opportunities close to their base in Leeds and in particular they look for medium refurb to development opportunities. Being well versed in development served them well when they cam e to Mint looking to fund a multi property project.

Urban Lets Northern approached Mint looking for a development loan to undertake a medium grade refurbishment across two properties in the Grimsby area. Being experienced the developers were very clear on what they required from there funder and were delighted when Mint were able to provide more day1 drawdown than they expected given the complexity of the refurbishment project.

Our development loan was for £128,000 0ver 12 months with an initial day 1 drawdown of £83,000. The company have worked very actively with Mint Bridging throughout the funding process with the first property complete and the second one due for completion imminently.

From Funding To Completion Mint Provided

Strategic Support At Every Step


Loan Application

By using this form you agree with the storage and handling of your data by this website.


What the client had to say about working with Mint

“Our client had funded their development with a well-known bridging lender. The development of apartments were all completed and on the market for sale but the current lender refused to extend the term and instead was threatening an LPA receiver. We successfully worked with Mint to refinance the loan, providing our borrower with enough time to sell the flats and realise their profit.”

Aaron Sinclair, Mint Bridging Customer

See why businesses & investors trust Mint Bridging

to help them secure finance

Transparent

We review all finance options to

find tailored funding solutions

based on your needs

Quick Acceptance

Our service is funding is built for

efficiency to help our clients grow

without cashflow roadblocks

Service

From direct access to underwriters,

free project management & more

discover why Mint are best in class

More case Studies