Apartment Block Wakefield
The borrower, a Limited Company, owned the residual freehold of a large house subject to leases.
They had planning permission to build a block of 5 apartments on the site.
They found it difficult to obtain funding. We provided the build costs in staged payments for the construction of this apartment block.
The borrower was delighted with our flexibility with regard to payments, and the promptness of each release in the schedule.