Single House Build in Finsbury Park
The borrower requires the funds to demolish the existing workshop/garage on the property and build a one-bedroom home.
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.