Our client wanted to purchase a field with planning permission for 11 new build houses, four of which were for social housing.  The field was to cost £750k + £50k in costs.  The build costs were budgeted at £1.33m, and the end value of the site was projected to be £2.45m

CFB UK obtained an initial advance of £567k to fund the purchase of the site with a facility to cover 100% of the build costs plus all interest and fees rolled up into the loan.

 

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