Developers wanted to turn an old farm outbuilding into a 3 bedroom bungalow, just outside of Arundel, West Sussex.
Before the conversion could begin the developer needed to secure the land with a £75,000 loan provided by Hunter Finance. Once the land was purchased, a £150,000 loan was provided for the conversion. Overall, £225,000 was provided to finance the development.
The initial loan was agreed in July 2015, with the property going on the market in December of the same year. The proposed final GDV is £650,000.
For a fast decision on a property development loans contact Hunter Finance on 01825 749721.
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