AREA: North London
AMOUNT RAISED: £2.2 million
PRODUCT USED: Property development loan
In the world of property development, timing and funding are everything. This case study highlights how Bridging Finance London helped a professional footballer and budding developer secure essential financing for an ambitious North London project.
Client Scenario
Our client, a UK-based professional footballer venturing into property development, approached us with a time-sensitive opportunity. They already owned land in North London with full planning permission but needed substantial capital to kickstart the development process.
The client faced three main challenges:
- Securing a competitive interest rate
- Completing the deal within a tight four-week timeframe
- Addressing complex title repair issues
Funding Solution
We swiftly assessed the client’s needs and leveraged our lender network to find the ideal lender.
Our solution included:
- A £2,200,000 development loan
- An interest rate of 4.7% per annum over the base rate
- A comprehensive package covering build costs, Section 106 agreement, and title repair expenses
To meet the client’s urgent timeline, we streamlined the application process and worked closely with all parties to expedite approvals.
Final Outcome
Despite the tight deadline and complex requirements, we successfully secured the £2.2 million facility within the four-week timeframe.
This allowed our client to:
- Begin construction immediately
- Fulfil all planning obligations
- Resolve outstanding title issues
- Take advantage of market conditions without delay
The competitive interest rate ensured the project remained financially viable, setting the stage for a potentially lucrative development.
This case shows our ability to deliver tailored debt solutions for high-value, time-sensitive projects. By understanding our client’s unique position as both a professional athlete and an emerging developer, we provided a funding package that addressed all their specific needs. The success of this deal not only launched an exciting new development in North London but also solidified our relationship with a repeat borrower, showcasing our commitment to supporting clients throughout their property development journey.
