Client type: Experienced developer
Loan type: Development loan
Location: Nottingham
Units Built: 1 luxury property
The challenge:
The client with experience of building properties for the rich and famous wanted to borrow just under £2m to build an 8,000 square ft property in Nottinghamshire.
What they needed:
- Quick access to funds
- Confidence the purchase could proceed without delay
- Expert structuring to minimize interest costs
Our approach:
Goldentree provided a bridging facility tailored to the client’s requirements, enabling immediate property acquisition.
Our experienced team:
- Managed all aspects of the bridging loan
- Coordinated with in house solicitors and brokers for a seamless purchase
- Provided expert advice on repayment structuring
Funding solution:
Just under half a million pounds towards purchase price and 100% of the build costs.
The result:
- Property successfully acquired
- Client benefited from swift transaction execution
- Interest costs were optimised through expert loan structuring
- Deal was underwritten at 72.42% LTV at the end of the term
