Case study: £618k pre-construction loan for site acquisition
Loan amount: £618,750 LTV: 75% Purpose: Repeat borrower looking to finance their next project
A repeat borrower approached us about raising the capital they needed for their next project.
A customer of our Buy-to-Let, Development Finance and Bridging products, we had funded a similar project to this before; purchase of a three-storey house that they would later look to split into three flats.
Given our history with the borrower and their record of success in development and buy-to-let, we were happy to fund the deal.