Beating the Clock: Helping a Developer Secure Fast Funding

A new client approached LendInvest in early September after they had identified a promising site for developing nine residential dwellings. However, they needed funding quickly to complete the acquisition and begin development.

The client, referred to us by a long-standing partner, had a pressing need for funding. With the property exchange scheduled for September 27th and completion due by October 17th, the timeline was extremely tight. We were committed to demonstrating why LendInvest is the go-to lender for projects with strict deadlines.

How We Delivered

The client required a loan of £4,549,000, with £3,013,000 allocated for construction and a Loan-to-Gross Development Value (LTGDV) of 70%.

From the moment the deal was presented, our team moved quickly. Within two days of submission, we secured initial credit approval—a crucial milestone that set the pace for the rest of the process.

Valuations and the appointment of a Project Monitoring Surveyor (PMS) were arranged on the very same day that credit approval came through, ensuring that no time was wasted. We were able to issue the final offer letter on 27th September, just as the client needed.

Solicitors were paid and instructed on the 16th of September and a successful completion was finalised four weeks later.

Thanks to our efficient processes, the client met every critical deadline, allowing them to proceed with their development plans as scheduled.

Find out more about our Development Finance or speak to our team about your projects