Case Study
Development Finance for the purchase of land and construction of 6 new homes in Staplehurst, Kent
Beaumont assisted with the initial purchase of the greenfield site, injecting £1m towards the purchase of the site and providing a further £2.8m development facility, paid monthly over a 12 month construction term. Beaumont reduced its interest rate to an extremely competitive 0.5% per month in exchange for an undisclosed share of scheme profits.
Loan information
Loan value
£3.8m
LTGDV
75%
Loan duration
18 months
Interest rate
0.5% per month
Arrangement fee
None
Exit fee
Profit share
Why the developer chose Beaumont
- Unique, flexible approach to facility terms
- Rapid, simple draw down process
- Personal experience
We worked with the developer to obtain first charge security on the site in exchange for a lower interest rate and a share of profit. It was great to work with the developer to establish a conclusion that was most beneficial to all parties.”
Peter B