CASE STUDY

New Apartment Build in East Sussex – £1,200,000 Loan

new apartment property development eastbourne

Loan Required

£1,200,000

Number of Properties

11 Apartments

Final GDV Value

£2,800,000

Another development from the award-winning Eastbourne based developers, Five Walk Homes.

The property developer had planning permission to build 11 apartments with garages in the coastal town of Eastbourne, East Sussex.

A total loan of £1,200,000 was agreed with Five Walk Homes to fund the build costs of the 11-apartment development.

Hunter Finance sent funds in drawdown stages at the developer’s request throughout the project. Understand how our property loans work.

The developer sold a number of the apartments and retained the remaining properties, which would be added to their buy to let portfolio.

The final GDV of the development was £2,800,000.

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"We don't believe there's a faster lending and decision-making process than Hunters. Drawdowns are paid on the same day as the site visit."

Antony Payne,

77 Developments Ltd

“Securing a competitive facility with Hunter Finance was a refreshingly straightforward and easy arrangement and would not hesitate in recommending them to other developers.”

Rob Burnham

Greenplan Homes Ltd

“Highly impressed by their honest approach to doing business, and following through on their promises.”

Thomas Elliot

Herongate Homes Ltd

“We have found securing a competitive facility with Hunter Finance a refreshingly straightforward and easy arrangement and would not hesitate in recommending them to other London developers.”

Rob Burnham

Director, Greenplan Designer Homes

“I have used Hunter Finance on a number of occasions. They have always provided a no-nonsense, hassle-free, first-class service.”

Tim Oliver

Connected Developments Ltd

“My experience of working with Hunters has been very successful. Their approach is very professional and flexible. They are not like a high street bank, (thank goodness) but individuals who accept that we are the customer. Old fashion values.”

Keith Parker,

Millhomes Ltd

The best development finance around, very understanding and helpful.”

Paul Reeve