Challenge:
The client approached RHL requiring funding to finalise a partially built holiday let property. They had already invested personal funds in demolishing the original structure and initiating the rebuild.
The client needed to secure a development loan to cover remaining construction costs to access funding in stages via a drawdown facility spread over 12 months to align with the build schedule.
Their end goal was to source competitive loan terms to maximize project profitability.
Solution: Our team conducted extensive market research to identify a lender that could meet the client’s specific requirements:
- Swift Loan Approval: We prioritised lenders known for fast turnaround times to avoid construction delays.
- Competitive Rates & Fees: We secured a development loan with attractive interest rates and minimal fees to ensure project affordability.
- Staged Funding: The loan was structured with six drawdowns over 12 months, enabling controlled access to capital as construction progressed.
Outcome: With RHL’s assistance, the client received the necessary funding to complete the holiday let development. The staged drawdown structure facilitated a smooth building process, and upon completion, we refinanced the project into a long-term holiday let mortgage, providing a sustainable financing solution for the client’s investment property.
Key Takeaways: With RHL’s assistance, the client received the necessary funding to complete the holiday let development. The staged drawdown structure facilitated a smooth building process, and upon completion, we refinanced the project into a long-term holiday let mortgage, providing a sustainable financing solution for the client’s investment property
- Financing at Every Stage: Whether you’re just starting construction or require funding to finalize a partially built project, RHL can find the right financing solution for your needs.
- Focus on Speed and Efficiency: We understand the importance of keeping your project on schedule. Our team prioritizes swift loan approvals to minimize delays and ensure a smooth building process.
- Cost-Effective Solutions: Through market research and strong lender relationships, we secure development loans with competitive interest rates and minimal fees, maximizing your project’s profitability.
- Controlled Access to Capital: Drawdown structures provide you with controlled access to funding as construction progresses, allowing you to manage your cash flow effectively.
- Unlocking Growth Potential: With the right financing in place, you can secure the ideal location to expand your business and achieve your long-term goals
If you’re planning a property development project and need help with financing, contact RHL Unique Financial Solutions today. We can guide you through the process, secure the most suitable loan, and help you achieve your investment goals.