GAYNES PARK, EPPING, ESSEX
Madison Carter Finance refinanced away from first charge facility to RBS, which is is difficult, especially whilst the project was live. Later a development exit finance product was sourced to releasing equity to help finish the project.
The new houses constitute an enabling package in order to finance the redevelopment of the listed mansion house which, when the developer purchased the site, was on English Heritage’s at-risk register.
Gaynes Park is a new luxury development of five new build modern houses along with seven apartments in the Grade II* listed Gaynes Park Mansion, positioned behind a gated development of 22 acres located in the green belt near to the town of Epping in Essex.
Once the project was completed the property developer required further funding whilst two of the houses were transacting to completion. Madison Carter Finance arranged a bridging loan to fill in the gap.
This was a complex finance deal over time and the scheme is nothing short of breath taking from a development point of view.
A further signal of exquisite work, the design and quality build was one of the developers actually ending up moving into one of the homes.
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