Completed - £4.2M Development Loan for 4 luxury houses in Richmond

Andy Stanbury, Director of Alburys Financials is delighted to announce the completion of a £4.2M Stretched Development Loan.

Our Developer Client required a Stretched Development Loan to repay a Bridging facility, to fund 100% of the development costs and allow for interest roll-up for the duration of the loan.

The scheme is for 4 beautifully designed luxury houses in Richmond.

We have structured a 70% LTGDV, 20-month Development facility at 8% per annum, giving our Client 12-14 months for construction and a 6-8 month sales period.

The exit route to be - Sales.

Andy commented “Gearing was a key factor to helping our Client on this particular facility. Our Client is now ready and keen to get on site after 6 months of planning and its successful outcome….”

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed - £2.6M Refurbishment Loan for 9 Apartments in East Dulwich

Andy Stanbury, Director of Alburys Financials is delighted to announce the completion of a £2.6M Refurbishment Loan in East Dulwich. 
 
Our Developer Client required funding to purchase a block of 9 apartments requiring full modernisation along with funding for the construction and professional costs, including interest roll-up.

The Client will also be applying for planning consent to add an additional floor as well as four further units in the car park.

We arranged for our valued client a 67% LTGDV, 18-month term facility at 7.5% per annum, allowing for a 12-month conversion phase and 6-month sales period. In addition, the Lender has agreed to fund any further works that are consented to.

The exit route to be - Sales and/or Investment Loan.

Andy commented “Speed and the flexibility of our Partner Lender was paramount. Tony was a great pleasure to work with, and we look forward to working with him again soon” 

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements then please don't hesitate to contact us, we’d love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completion on a £2M Development Loan in Peckham Rye

Andy Stanbury, Director of Alburys Financials is delighted to announce the completion of a £2M Development Loan in trendy Peckham Rye. 
 
Our Developer Client purchased the former bank without planning consent. After 6 months of dedicated planning work, the Client achieved the planning consent he sought which was to convert the building into 6 luxury flats and a beautiful penthouse.

We arranged a 55% LTGDV, 18-month term facility at 6.5% per annum, allowing for a 12-month conversion phase and 6-month sales period.

The exit route to be - sales.

Andy commented “Working with Ben is always a pleasure, he did exceptionally well working up the planning. What made his loan more challenging was sourcing a lender that was happy with the presence of an offshore investor as a 2nd charge.”

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998