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Senior and equity debt arranged for the build of 8 houses in the south west

Deal Structure

Senior debt

80% loan to cost

Interest rate – 1% per month

Arrangement Fee – 1%

Exit fee – 1%

15 month term

Equity debt

20% loan to cost

50/50 split of profit

15 month term

Deal Summary

Our client is an experienced operator, albeit he had reverted to contracting as a result of financial problems as a developer in the last recession.

He brought to the table a good scheme, with a healthy profit margin, but no cash.

We needed to find lenders who would take a commercial view based on meeting the client, looking as some previous schemes they developed and more recent contracting schemes they’d undertaken for clients. Such lenders were sourced and a 100% finance deal was offered within days  using debt and equity.

Gary Ellis

Contact

Gary Ellis

Quick Enquiry

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.