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100% Funded Joint Venture – The construction of 36 Dwellings in Warrington.

Deal Structure

GDV £7,800,000

Loan Amount £5,084,880

2% Arrangement Fee

9.25% per annum interest on debt

24 month term

Profits split 60% Developer and 40% Funder

All costs 100% funded

Developer monthly management fee included

Deal Summary

Our client is a small developer based in the North of England. The have a good solid track record and use a 3rdparty contractor for their schemes.

The Gross Development Value of the scheme is over £7,800,000. The scheme is mainly 3 bedroom houses with 9 x two bedroom apartments.

The developer has 3 other developments progressing at the same time so had no spare cash to invest in the scheme. The decision was made to instruct Positive Commercial Finance to source 100% Joint Venture Development Finance.

We quickly pin-pointed the best deal for the client and the deal was agreed and in legals within 7 days. The client did not have to put in a penny.

We have a lot of experience with Joint Venture funders and would be happy to help any developer find the correct funding for their circumstances. Please get in touch today.

James Waddicker

Contact

James Waddicker

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Positive Commercial Finance is a trading name of Business Financial Solutions Limited. Registered in England & Wales 06451075. Registered office address Warth Business Centre, Warth Road, Bury BL9 9TB. Authorised and regulated by the Financial Conduct Authority (716012). Full members of the NACBF and FIBA. ICO registration reference Z1196910.