Ground Up Development Loan for six homes in South East London

The facility was secured against a bungalow with full planning consent to demolish the existing property and develop six highly desirable residential units in a popular suburban location. Structured at 70% LTGDV over a 15-month term, the funding enabled the borrower to refinance an existing bridging loan and move quickly into the construction phase.

Speed was critical to the transaction, with only a short window available following the grant of planning permission to secure a development facility. Working closely with all parties, the deal was successfully completed in just 18 days from receipt of undertaking, ensuring the borrower could meet their deadlines and keep the project on track.

QUICK LOAN OVERVIEW
🏠 Ground Up Development loan
🏠 £1.49m gross facility
🏠 15 month facility
🏠 70% LTGDV

A special mention goes to Senior Underwriter, Danny Scoltock, whose exceptional work and commitment were instrumental in delivering this transaction within such a demanding timeframe.

Whether you’re looking to refinance a completed scheme or secure funding for your next ground-up development, our team delivers competitive, fast and flexible finance tailored to your project.

For more information on our Ground Up Development loans, click here.