Borrowers’ requirements: The client is a very experienced and well-known developer. They have a 20-unit development in Surrey, with 16 of the units already sold and required the loan to lift out existing debt and provide funding for the sales period of the 4 remaining units. They were looking for 70% LTV, which includes an element of capital raising to be used towards their next property development project.

Catalyst solution: Catalyst were delighted to issue terms for a 6-month loan. We are confident that with all works complete, and 80% of the units already sold, the borrower will be able to successfully sell the remaining units and repay the loan.

Senior Internal BDM, 𝗦𝗮𝗺 𝗦𝗵𝗮𝗻𝗱, says “We were pleased to be able to provide the development exit on this site. This was a straightforward facility for us. The borrower is a very experienced, reputable house builder who is a pleasure to work with. The development itself was a lovely gated community, very well designed with great aesthetics and situated in a fantastic location.”