Finish & exit loan helps save two luxury residential developments with tight deadline

This high-spec residential development in Solihull, West Midlands exemplifies efficient funding and premium service delivery. Our borrowers project aimed to complete the development of two high-specification 5-bedroom and 6-bedroom detached homes within a tight two-month timeframe, which once completed would help address the growing demand for luxury housing in the area.  

The borrower utilised our finish and exit loan with a value of over £1m, which was combined with a day 1 facility of £950k and a competitive LTV for a 12-month term. Led by one of our fantastic BDE’s, Ben, and brilliant senior underwriters, Ryan, we successfully navigated the final stages of the refurb process so the borrower could complete the development, source two buyers and achieve a strong return on investment. 

Working closely with the broker, Foy Mach, from Acorn Finance, with legal support from JMW Solicitors, all parties worked closely together to overcome significant time constraints, achieving funding in November 2024. Without stepping in to provide a solution, the borrower would have been at risk of not being able to finish their development and defaulting with their current lender. 

We’re proud to announce that owing to our assistance, the newly finished properties cater to high-income buyers, leveraging their prime location and superior finishes to stand out in the competitive Solihull housing market. This project demonstrates the value of our expertly tailored finish and exit product and highlights our ability to deliver under pressure for brokers and borrowers alike. 

 

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