Hunter Finance helped to fund development in Dunstable, Bedfordshire. The project consisted of the construction of multiple apartments within the town centre.
The developer wanted to convert and extend an existing building into eight apartments – four 1 bedroom properties and four 2 bedroom properties. Hunter Finance provided the developer with a £350,000 loan for the cost of the build with a proposed final GDV of £940,000.
The loan was approved in February 2015. It took seventh months from initial loan to build completion, with all eight apartments now on the market.
Interested in funding options for your next project?
For cheaper property development finance call 01825 749721. Our property development funding is available to developers and builders in the South East.
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