Award-winning Eastbourne based property innovators, Five Walks Homes approached us once they had successfully obtained planning permission to construct 11 apartments in East Sussex.
Homes in East Sussex are in high-demand, especially in the coastal town of Eastbourne. This meant that the real estate developers were expecting a quick sale.
Further to this, each of the apartments was located within walking distance to a train station, making it more desirable to commuters.
The apartment developers needed to secure a loan to help cover construction costs and to start building without any delay.
That’s where Hunter Finance came in.
A property development loan of £1,200,000 was agreed with the apartment developers to fund and cover the building costs.
Per the developer’s request, Hunter Finance sent funds in drawdown stages throughout the project. Click here to understand better how our property loans work.
Before the apartments even went on the market, the clients had experienced a lot of interest and had sold a number of the apartments whilst retaining a few for their buy-to-let portfolio.
The final GDV of the development was £2,800,000.
Hunter Finance provides quick, property development finance. To view other successful property developments built with us, click here.
Deciding if development is right for you can be a difficult choice. And more often than not, individuals who own a piece of land quickly sell it on to developers without knowing their options. Yes, land is valuable, but you can yield larger profits if you develop a site yourself.
Hunter Finance lends to both big and small businesses, we’ve helped many first-time, inexperienced developers get their property off the ground and they are so much happier for doing it – some have even become millionaires in just under twelve months
Check our lending criteria to see if you’ll be able to start funding your next development project. We lend from £100k to £2.5m.
With no middlemen in the way and no broker fees, Hunter Finance is able to make faster and quicker decisions so you can progress with your project with no further delay, or missing out an opportunity to secure land. Our loan decisions take up to 48 hours and save our clients time and money.
If you would like some more information on how we can help you get your development project off the ground then contact us now on 01825 749721, or use the button below: