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December 01, 2016

Quick case study: ground up build of ten flats

When a case included a desirable location coupled with an experienced local developer, at LendInvest, we were keen to get involved. And with a wealth of specialist experience in the local area, Zestan Ltd is a developer who we were delighted to work with.

The detail

Borrower: Experienced property developer
Location: Epsom, Surrey
Product: Development finance

The challenge

A fast development loan was required for this experienced developer in the sought after commuter town of Epsom, Surrey. The developer knows the local area well, having completed a number of projects in Epsom in the past couple of years. The project required the demolition of an existing building to make way for a three storey new build of ten, one, two and three bedroom flats.

The solution

Introduced to us by a specialist broker in development finance, the LendInvest team were able to provide a competitive loan to Zestan Ltd that met their exacting requirements on this project. We delivered finance to our borrower well within their expectations for the project as well as providing flexibility on LTC to meet their needs.

Testimonial

Andries Stricker of Zestan Ltd said: “LendInvest are a joy to work with! What impresses us most is their flexibility of lending and speed of arrangement. Furthermore the one on one relationship with the LendInvest team is effective, productive and a fresh approach.”

With strong transport links and easy access to the M25, the developer has already received substantial interest in the new homes, with a number already reserved by interested purchasers. LendInvest are assisting on several ongoing projects with Zestan Ltd.

Have you got a similar case you’re trying to place? If so, get in touch:

 

steve-larkinSteve Larkin

[email protected]

Tel: +44 (0)20 7118 1133