New Build Apartments in Poole
The borrower required a development loan in order to demolish a semi-commercial unit, in order to build a block of 6 high-end apartments.
Although the borrower had little experience on projects of this size, they partnered with a very experienced developer which gave us comfort that the development would be carried out to a high standard. The borrower also requested an extension to the loan term, as well as an increase in funding, in order to expand the development. We were more than happy to work out an amended loan to enable them to finish the expanded project.