+
CLOSE
+
CLOSE
Register

By submitting this form you confirm that are happy to submit your data, which will be used solely for the purposes of my above enquiry

+
CLOSE
Quick Enquiry

By submitting this form you confirm that are happy to submit your data, which will be used solely for the purposes of my above enquiry

Equity Finance for a development of 24 Apartments near Chester

Deal Structure

100% of the required Equity was provided, amounting to £240,000

15% per annum interest

Profit Share

Flexible term length

Deal Summary

An experienced developer client approached us with a fantastic scheme to build 24 apartments in a town just close to Chester in Cheshire. The scheme lent itself to phasing and could be built quickly using timber frame construction.

The developer came to Positive Commercial Finance for 100% funding of the scheme.

We first sourced a Senior Debt lender for the bulk of the required finance. This Senior Debt facility provided 100% of the build costs and 50% of the land loan. The lender was happy to allow a timber frame type construction and had processes in place to deal with the advance payments required when building by timber frame.

A private equity company were then approached for the equity investment in the scheme. 100% of the equity was provided at 1.25% per month plus a share of the profits. These funds went in on Day one towards the land purchase. The scheme is currently in development and Phase One will completed in September.

Contact James Waddicker

james@positivecommercialfinance.co.uk

Follow us on @PositiveComFin
100% Auction Finance Deal Done https://t.co/J5c15t0ATf
Sign up to our newsletter
© Copyright 2019 | Positive Commercial Finance | Sitemap