Client type: Existing Goldentree Client, Property Developer
Loan type: Ground up new build development loan
Location: South Edinburgh, Scotland
Funding: More than £3 million
Units Built: 4 residential units
The challenge:
The client needed a facility of more than £3m to fund the build costs for four, large detached houses just south of Edinburgh. They already owned the site and had planning in place for development.
What they needed:
- Quick release of funds for the new build development
- Expertise on cost-effective planning and cashflow management
- A finance partner able to respond fast to evolving project needs
Our approach:
We structured a new build development facility to provide phased funding aligned with renovation milestones.
Our experienced team:
- Coordinated drawdowns with contractor timelines
- Provided ongoing advice to optimise project cashflow
- Ensured clear, consistent communication throughout
- 18 -month rolled facility completed four weeks after initial site visit
- LTV at the end of the term was 64.95%
Funding solution:
More than £3 million loan facility released in stages according to renovation progress.
The result:
- 4 residential units successfully new build development
- Smooth funding and cashflow management
- Client achieved maximum return on property sale
