£1.53m DEVELOPER EXIT FACILITY

The Background

Our client, an experienced property developer, had recently completed a multi-unit residential scheme. With the development phase wrapped up, their focus shifted to exiting their existing finance arrangement and maximising the value of each unit through individual sales.

The Challenge

The client was approaching the end of their development loan term and needed a fast, flexible funding solution. The key objectives were to:

• Redeem the existing development finance,
• Reclaim costs incurred during the build,
• Secure time to sell each unit at full market value, avoiding the pressure of a rushed sale

The transaction involved a complex set of circumstances and a critical timeline, requiring a coordinated effort from all parties involved.

The Solution

Eastgate Commercial Finance arranged a bespoke £1.53 million developer exit facility on a 12-month term. This facility provided the client with:

• Immediate redemption of their development loan
• Recovery of capital already invested
• Breathing space to market and sell each unit strategically.
  

Thanks to the collaborative efforts of a highly professional team, the deal was completed smoothly and on time.