Development Exit Finance Hampstead

Development Exit Finance Hampstead

Madison Carter have been outstanding from start to finish. As a company they are extremely professional and worked tirelessly for us to get a successful outcome. I found Steven Coogan very knowledgeable and he was able to communicate everything to us in layman’s terms throughout the process. I would have no hesitation in using Madison Carter again and have already recommended them to friends.

M Simon

Customer Type:

Private Client

Category:

Development Exit Finance

Status:

Completed

Tags:

development exit finance

bridging loan

Property Value

13.5m

Loan To Value (LTV)

7.4%

Term

36 Months (3 Years)

About the project

An existing client had just built their dream home in Hampstead, London, NW3. The property GDV was £13.5m. There were some surprising costs that arose thought-out the project and the client wanted to enjoy the home before they had to sell. The rate secured was a floating rate at 7.0% per annum and was all rolled up into the deal for 36 months (3 years) but could have gone to 60 months (5 years) but was not required by the client.

What we did

We bought the client 36 months to sell and enjoy the home. This was more than enough time to sell such a luxury home.

  • LTV 7.4%
  • Interest rate 7% per annum
  • Rolled up interest
  • Interest was retained for the term of the loan

Steven Coogan

Results

We gave comfort to the client to enjoy their master piece and sell at his own pace

  • Releases equity on day one
  • Bought 3 years time horizon to sell the luxury home
  • Did not have to service the loan
  • Had funds to complete the build to an exceptional finish and furnishings
Steven Coogan

Are you looking for a similar type of property finance?

As a specialist bridging loan adviser at Madison Carter Finance, I can take a 360 view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.