Fully funded development

Published on
9/8/2024
Location
Bristol
Facility
£3.9m
LTC
100%
LTGDV
70%
Term
18 months

Fully funded development

Lendhub were approached by a trusted broker partner to assist with financing their client’s ground-up development in Westerleigh, Bristol. The client will utilise Lendhub’s £3.98m development facility for the purchase of a 0.38ha greenfield site, and to fully fund the development of eight 4-bed homes, resulting in a GDV of £5.69m. The client will exit through the sale of the units, which should present no challenges considering the desirable location and high residential demand reported in the area.

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This facility enabled a repeat client to acquire the terraced property and convert the upper floors into 15 self-contained, 1-, 2, and 3-bedroom flats.

Fully funded development

Lendhub were approached by a trusted broker partner to assist with financing their client’s ground-up development in Westerleigh, Bristol.

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