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.The site was a former builder’s yard and the developer had obtained planning permission to build a pair a 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, knowing that funds were in place.
The bungalows were under offer almost immediately after they were placed on the market. Providing a quick and efficient finance service, with same day drawdowns, helps out clients realise and release the profit potential with each of their developments.
Planning a new build in Bedfordshire and need expert funding advice?
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