Case Study
Development Finance for a block of 9 flats in Tunbridge Wells
As a repeat and valued customer, Beaumont was able to offer the borrower competitive rates, 100% of construction costs and legals instructed within 24 hours of agreement of terms. Beaumont once again reduced its interest rate in exchange for an undisclosed share of the profits.
Loan information
Loan value
£3.875m
LTV
–
Loan duration
18 months
Interest rate
4% plus BOE base rate, + profit share
Arrangement fee
None
Exit fee
1%
Why the developer chose Beaumont
- Repeat customer
- Competitive rates
- Rapid turnaround