CASE STUDY

Funding for 4-Bedroom Detached Property in Hastings – £680,000 Loan

Hastings property developing 4-bed detached houses

Number of Properties

Loan Required

£680,000

Final GDV Value

£1,500,000

Loan Term

12 Months

A local developer and a long-term customer approached us with a project to build three, 4-bedroom detached houses in the seaside town of Hastings, Sussex.

This would be the 6^th project we have worked on with this particular developer.

A total loan of £680,000 was agreed to fund the build costs of the three detached properties.

Once the development was finished, the real-estate developer refinanced the development loan to retain the properties for his buy to let portfolio.

The final GDV of the development was £1,500,000.

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