Hunter Finance was approached by a Bedfordshire based developer who owned a plot of land with residential development potential in the market town of Biggleswade.
And as you may know, the land is very valuable in this prime location.
The site was a former builder’s yard and the developer had obtained planning permission to build a pair of two-bedroom bungalows, each with separate garages.
With the site already owned by the developer, they only required a development loan to cover the construction costs of the two detached properties.
A total loan of £260,000 was quickly agreed and the developer was able to commence building works immediately on site. This was due to one of our speedy experienced surveyors, who was able to approve the loan request on the same day.
Once the client knew that funds were in place they continued with building without any further delay.
Are you a landowner? Click the link below for our top tips for selling land to developers or advice on how to develop it yourself:
The real-estate development project had been completed in under a year and the bungalows were under offer almost immediately after being placed on the market.
Hunter Finance provided quick and efficient service, with same day drawdowns, which helped our clients realise the profit potential with each of their developments.
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