South London Ground up development
Development projects often face delays that can make original loan terms unworkable.
When this happens, flexible funding is essential.
The Challenge:
A seasoned Developer with a strong track record was nearing the end of their residential project but faced significant onsite delays due to unexpected material shortages and supply chain issues.
As a result, the project overran the term of their initial Development Finance facility.
Their original facility expired, leaving the project at risk of default,
with further funds needed for final works.
Our expertise in handling complex cases allowed us to quickly identify a specialist funding partner who understood the specific challenges of a part-complete development.
A Bespoke Development Exit Loan was shaped to:
Repay the existing Lender in full, immediately removing the pressure of the expiring facility and prevented the Developer from defaulting.
Release staged funds to complete works: This allowed capital to be released to cover the cost of the remaining works required to complete the project to a saleable standard.
Provide a 12-month term to finish and sell, giving the developer ample time to complete the final works and confidently market the property.
The Result:
The project was completed to a high standard, marketed confidently, and sold at target price, securing a healthy profit.
This demonstrates how Specialist Finance can turn a stalled project into a success.
👉If you have a project with an expiring facility or a complex Funding requirement, please don’t hesitate to reach out.
We’re here to help you find the right solution.