Project Description

  • NORTH WEST

  • 900,000

  • 10 months

BEFOREAFTER

CHALLENGE

The Borrower’s required a development loan to fund the new build of five 3 bedroom, 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 understood the timescales involved which allowed to project to be completed on time and within budget.  We did not want them to go over the timescales provided to us and incur unnecessary costs. We initially provided an advance of £160,000 and a retention facility for the balance

RESULT

Our Quantity Surveyor team monitored the work weekly and the Broker and Developers were delighted with how we worked closely with them 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 with them 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