Case Studies

Property Developers

We were behind this property developer 100%

One guy came to us when he inherited a large building plot in Yorkshire. It had detailed planning permission for a large 6 bedroom detached house. The total building costs were going to be £300,000 and the client needed 100% funding. After reviewing the valuation we were able to offer him the full amount he needed. We broke the deal down into 5 stages, each stage to be released upon re-inspection of the project by our surveyor. He was happy with this arrangement and after accepting the offer, the first stage funding was released 48 hours later. The whole project completed in 5 months, then the introducing broker refinanced the bridge with a normal residential mortgage. Don't panic, help is out there.

The bank played hardball, Affirmative saved the day

One company looking for a facility of £350,000 was told by the bank holding the first charge that they refused to allow a second charge to be registered. This was a city centre conversion of the upper floors of an existing office, building into 9 residential flats; they also had plans to erect an extra floor on the top of the building. As the bank wouldn't allow the second charge, full stage development finance was provided to allow the build within a 9-month period.

A helping hand on the property ladder

A very entrepreneurial property developer wanted to raise a deposit for a fourth property he wanted to buy, but had exhausted his liquid cash whilst awaiting the sale of two other properties. We were able to release a portion of the equity tied up in his other properties to enable him to start with his next project, the fourth property.

Permission granted for one property developer

A property developer was having trouble securing planning permission for a fantastic new project. He needed around £175,000 to secure the site but came across difficulties because there were some issues with planning permission. We stepped in and were able to help. By taking a first charge over the new property, and a second over his main residence, he was able to secure the fund, buy the site and begin work!

FINANCIAL INTERMEDIARIES CASE STUDIES
PRIVATE INDIVIDUALS CASE STUDIES