Ground-up Residential Development

A developer-builder had the opportunity to acquire land with outline planning for 4x terraced houses. 

The developer-builder needed to complete the acquisition and required a build facility to carry out the works when the full planning was approved. 

Fox Funding provided a £200k bridge facility and £600k development facility to support the construction of the units.

Fox Funding visited the property and provided the bridge facility. When the planning was obtained, Fox Funding provided the full development facility. The construction took a lot longer than anticipated as it occurred during the COVID-19 lockdown and Fox Funding were very understanding during the period.”
Borrower RS

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