Light Development

Single House Build in Finsbury Park

Facility
£ 0 k
Term
0 m
LTV
0 %
Days to
Funding*
0

What Our Borrower Needed

The borrower requires the funds to demolish the existing workshop/garage on the property and build a one-bedroom home.

How We Helped

At first glance, this was an easy loan for Think to facilitate; development loans are provided frequently by our team. However, upon completion of the loan, the borrower ran  into party wall issues that caused months of delays for this loan to be redeemed. At this stage of the loan, we know that our borrowers have already invested time and money in the project. Therefore, withdrawing our offer is something we desperately try to avoid; Fortunately, we were able to do exactly that with this loan.

We know the issues on this loan were out of our borrower's control, so being able to be redeemed eventually was a great feat for everyone.
Liz Tan, Head of Lending

* Working days from offer to completion