01825 749721

Development Loan for Commercial Site in Dulwich, London

Dulwich Terrace Main
Dulwich Terrace 8
Dulwich Terrace 9
Dulwich Terrace 10
Dulwich Terrace 11

Better Property finance from Hunter Finance Ltd

New Home Build in London

4-Bedroom Detached House | £680,000 Capital Raised 

Banks and other lenders turned away the first-time property developers due to inexperience. 

First-time developers in Dulwich had acquired a family-run garage over 10 years ago.

The establishment had fallen into disrepair after years of neglect.

With no desire to re-open the garage, the owners wanted to develop the commercial site into a new terrace of 3 bedroom properties.

Planning permission had been granted for the commercial development of three terraced properties within the London borough of Southwark.

This included the destruction of the existing garage to make way for the new development.

Banks turned the property development away

Banks and other lenders turned the project away, due to the inexperience of the developers.

Hunter Finance assessed the project with the help of our experienced team and was able to help make the construction a reality, providing an initial loan to pay off the charge over the existing property.

Developers agreed on a development loan of £680,000 for the entirety of the project.

This covered the finances for the demolition and construction costs, allowing the development to progress quickly.

Property development offered a substantial return

Within a year of the loan is agreed, the 3 bedroom terrace properties were completed and sold.

The final GDV of the project was £2,235,000 with the LTV never exceeding 33%.

This offered the developers a substantial return on the initial property.

The first-time developers were very pleased with the results of their first property development.

We offer loans of between £100K – £2.5m call 01825 749721, or use the button below to get in touch:

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