Project Description

  • NORTH WEST

  • 900,000

  • 10 months

BEFOREAFTER

CHALLENGE

The borrowers required a development loan to fund the new build of five 3 bedroomed contemporary townhouses. The developers were well regarded having built and designed many properties in the area but didn’t have the funds to develop these properties and didn’t want to miss out on the opportunity

APPROACH

We worked closely with the client to make sure we all understand the timescales involved which allowed to project to be completed on time and within budget.  We didn’t want them to go over the timescales provided us and incur unnecessary costs. We initially provided an advance of £160,000 and a retention facility for the balance

RESULT

Our QS team monitored the work weekly and the broker and developers were delighted with how we worked closely at every step of the way.  Our rigorous process resulted in a quick sale for each property following completion

“The Broker and Developers were delighted with how we worked closely at every step of the way. A handcrafted facility and QS monitoring enabled the works to be delivered on time and to a high quality resulting in a quick sale for each property following completion”

Sinead , Mint Bridging