Client type: Existing Goldentree client
Loan type: Commercial funding
Location: St Ives
Funding: Just over £850k
Units Built: Four commercial units
The challenge:
A previous client approached Goldentree looking for funding to complete the second phase of their commercial development in St Ives. they needed a reliable funding partner to help bring the project to fruition.
What they needed:
- Funding to construct four commercial units
- with flexibility to proceed without pre-lets or pre-sales
- Straightforward process, levering existing experience with Goldentree
Our approach:
We reviewed the client’s previous successful projects and assessed the new development plans to structure a funding solution tailored to their needs.
Our experienced team:
- Worked closely with client to evaluate feasibility, risk and funding requirements.
- Guided them through the process efficiently, drawing on experience in supporting repeat clients on multi-phase developments.
Funding solution:
Goldentree provided a facility of just over £850k, complemented by £100,000 in client equity. With an LTV of less than 50%, we were able to proceed without requiring pre-lets or pre-sales, allowing the project to move forward smoothly.
The result:
The client successfully completed four new commercial units in St Ives, building on their prior development success and expanding their portfolio with minimal risk.
