Residential Builder Builds for the Future with Development Funding Arrangement
A very experienced residential house builder required funding to start a new development. The incumbent High Street Bank, which had funded the developer over many years, proved to be very difficult to deal with and could not deliver a funding solution to match the developer’s needs.
We were introduced by the developer’s accountant and after speaking with a number of lenders, gained funding from another High Street Bank, who did actually offer a higher amount than what the developer needed. As a result of this, the developer can progress with the new development and the Bank has gained all the transactional banking including a deposit account.