Jul
31

Property Development Finance – Midlands, UK

Posted by John Yates

Greenfield Capital is located in Birmingham City Centre and perfectly placed to service the Midlands and the UK. Greenfield Capital was born out of a requirement for common sense underwriting in bridging finance, a need for excellent service and integrity in the short term property development  finance market.

Free Phone: 0800 779 7097

E-Mail: info@greenfieldcapital.co.uk

Property Development Finance

Greenfield Capital provide property development finance for :

  • New build development projects
  • Single property development
  • Multi property development
  • Residential property renovations and refurbishments.
  • Commercial & industrial development projects

Our property development finance products are flexible and can be tailored to suit your needs. We understand building projects and that a one size fits all approach is not the best way to proceed. Our property development Relationship Managers can talk your language and will discuss your requirements, so that you can have confidence that you’re in partnership with the right lender.

Property Development Bridging Finance

  • £50,000 to £5,000,000
  • 1 to 18 Months facilities available
  • Experienced team who can talk your language
  • No nonsense approach to lending
  • Competitive pricing
  • Funding from ground upwards – to project completion
  • Funds released in stages as they’re required

Property Development Finance


Property Development Finance News


£1m funding for Grade II listed property development

Greenfield capital completed a £1m property development last week for a client who was converting a Grade II listed building into 19 apartments, which were a mixture of 2 and 3 beds.

The client bought the property 4 years ago, but given that the planning approval can sometimes be quite tricky to get fully approved, it had taken quite some time to formalise all of the details required. The property was bought for £550k, with build costs of £1.2m, which would then generate an expected GDV of £3.1m, which over 19 apartments worked out at circa £165k each

READ MORE


Property development finance to complete a project

Greenfield Capital have just lent to a small business who has developed three properties. The clients purchased the properties as a package. Two of the properties needed renovation with the third needing a change of use with renovation. They were currently with a lender who had lent towards the development over a 12 month term.

Unfortunately due to problems with the change of use, the development on the third property had taken longer than expected. The clients existing lender was unable to extend the loan any further and needed a repayment before the properties were fully complete.

READ MORE


Property development finance on new build project

A local mortgage broker approached Greenfield capital for funding, as he had a developer who had run out of funds on a new build project which was partly completed. He originally intended to use funds from the sale of a another completed development project, but as sales were slow funding was required.

This was a very simple decision for us as the value of the site as it stood was £260k and only £140k was required. We very quickly agreed the facility, valuation and legals were processed extremely quickly and we were able to fund the £140k required within 13 days of the application form being on our desks.

READ MORE


Property development finance on commercial warehouse

Our client had a dilapidated property she was converting into two warehouses. She was close to completing the project but had run out of money. This was a real problem as she had two tenants lined up ready to take occupation and there was considerable pressure to complete the project so that she didn’t lose the tenants. We arranged a bridging loan for £125,000 against the partly completed property all within 2 weeks.

READ MORE


 

GREENFIELD CAPITAL LTD
Our registered company address
1 Victoria Square,
Birmingham, Midlands
B1 1BD

 

Freephone: 0800 779 7097
Telephone: 0121 270 6344
Fax: 0121 259 0258

 

+John Yates Managing Director of Greenfield Capital has 12 years commercial and residential property funding experience. John was responsible for managing the secured lending department of a high street bank and brings a wealth of experience in property underwriting


[social_share/]