Development Land Purchase
An experienced developer had acquired an operating business based on a freehold site in London, with the intention to convert it to residential use.
The developer’s planning application and appeal had been rejected. The developer needed funds to complete the acquisition, at a time when the site had no residential or other planning permission.
Fox Funding provided a £1.2mln facility to allow the purchase of the property to complete.
“I was impressed with Fox Funding’s pragmatism. They did not require a valuation, and evaluated the planning position without the use of lawyers, saving me a worthwhile amount in fees. They were very fair when the loan needed extending after planning was turned down again.”
Borrower FW
Would you like to start a project with us?
You can contact us at enquiries@fox-funding.com or use the following telephone number