A client spoke to us because they wanted to arrange funding for the development of ten houses.
However, their high street bank wanted them to put far more cash into the deal than they were happy with.
To help with this, we arranged facilities of £1,800,000 against a GDV of £3,000,000 (60%).
We then set up facilities over the next three developments which ran concurrently at £2,500,000, £700,000 and £1,400,000, all at 60% of value and 80% of cost.
The client was able to retain cash at all times to ensure that his construction businesses was not starved of working capital.
To find out how we could help your business like we did here, contact us on 0115 958 6872 or fill in an enquiry form.