Catalyst funds three exceptional new homes on the South Coast

Quick loan overview:

• New build – Three executive high spec four/five bedroom homes
• Established local developers
• Estimated GDV £5.4 million
• Loan amount £3.4 million
• 85% LTC/63%LTGDV
• 18-month term

Catalyst Property Finance recently funded the build of three four/five bed, four-bathroom luxury homes by Dorset based developers KLF Developments. Catalyst provided a £3.4m ground up development finance loan, equating to 85% LTC (Loan To Cost) and 63% LTGDV (Loan To Gross Development Value) which enabled the developers to refinance a previous facility and provide the additional funding required to fully complete this build.

The exclusive site development features three gated, energy-efficient homes, fitted with smart technology and finished to an exacting standard. The experienced developers, KLF, were established in 2012, and have a strong reputation for quality and innovation, having completed and sold many similar schemes over the years. Catalyst funding was structured around the project needs and set over an 18-month loan term, with drawdowns taken in arrears for completed works. The exit of the loan is the sale of the properties.