Looking at Property Development but require funds then Sterling Capital Reserve can help. Below are a few case studies.
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Jump to: Acceptable Security | Application Requirements
Our commercial property development finance consultants all have backgrounds in the banking sector and can offer added experience and advice to clients in respect of structuring commercial property deals such as commercial mortgages for Investment Property in Housing, Flats and Apartments for the rental market.
Area - Development Facility for 9 houses in the Cotswolds
The client owned a Residential Care Home, which had closed down because it was not "fit for the future".
Planning permission was obtained for a Residential Housing Development which involved demolishing part of the existing Home and converting the remainder into two units, plus seven new build units in the grounds. The client's Project Manager was formerly the Commercial Director of one of the large building plc's.
Property Development Finance Solution
Area - Development facility to build 20 self-contained, 5-bedroom flats for the student market in Leicester
Client is converting his existing factory unit into flats and also building a new block of flats on land he owns adjacent to the factory. The property is in a prime location, opposite a major University.
The client's existing bankers were only prepared to fund the development on a phased basis. Our deal enabled the client to build out in one operation, saving considerably on build costs.
Property Development Finance Solution
Area - Development facility to purchase and refurbish 'redundant' hospital buildings, to create 5 factory units for letting out in the East Midlands.
Client had option to purchase, and subsequently obtained planning for change of use, which significantly increased the value of the site. As the latter is located in a newly built, prime residential area, the client had managed to pre-let the units, at a total rental of £80,000 per annum.
Property Development Finance Solution
Almost all commercial property is acceptable, this includes:
We have access to over 80 development finance lenders, with some offering Adverse Credit Finance enabling us to match the client’s requirements to the most appropriate lender. At Sterling Capital Reserve, we are able to source a wide range of innovative and competitive commercial property finance packages, secured against investment property, factories and offices, warehousing and storage, hotels, pubs and restaurants, care homes and professional practices.The financial information that we will need to support a mortgage application is as follows:
Alternatively if you can't arrange any of the above - we are one of the few brokers who can offer Non Status Commercial Development Finance .
All cases are supported by professionally prepared credit applications, thereby significantly enhancing the chances of our clients securing the optimum financial package. Unlike some of our competitors, we do not believe in up front charges. Our fees are only payable when our client has received a formal offer of finance.
Use our Online Enquiry Form on the right hand side of this page or Contact Us on 0800 0735353 and let our professional team find you a competitive UK Property Development Finance Deal.
