Project Overview
An experienced local developer secured funding for a ground-up scheme of 8 luxury apartments near Ealing Broadway station. The project capitalised on Elizabeth Line connectivity and strong demand for modern apartments in W5.
The Challenge
The developer needed to move quickly to secure the site in a competitive market, with planning already in place. Speed of funding was critical to avoid losing the opportunity.
Our Solution
We arranged a 65% LTC facility from a specialist development lender within 10 working days, with staged drawdowns aligned to RICS-monitored build stages. The competitive rate of 0.72% pm reflected the developer's strong track record.
The Outcome
All 8 units sold off-plan within 3 months of launch, achieving prices 8% above initial GDV estimates. The developer completed the project on time and under budget, generating a 22% net profit margin.
Deal Summary
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