Assetz Capital combines with Creative Commercial Funding to provide financial backing for £1.8m GDV Cheshire development
The Assetz Capital property team is assisting a client in the financing of a development of a residential property in Worleston Cheshire, near Crewe. Assetz Capital has provided £960,000 of funding to complete the works on the farm house conversion with a Gross Development Value of circa £1,800,000 and to refinance high net worth investor monies of circa £765,000.
Assetz Capital completed on the refinance and development funding on 21st September 2016 and the estimated completion of the full refurbishment will be in 4-6 months’ time.
The enquiry was introduced to Assetz Capital by Aidan Tiernan Managing Director of Creative Commercial Funding Ltd.
Stuart Law at Assetz Capital said:
‘We continue to increase our funding for housing and other development projects across the whole UK and are seeing substantial demand for our services and our flexible approach for viable sites and projects is a breath of fresh air to both introducers and their clients.’’
Aidan Tiernan of Creative Commercial Funding added:
“As a master broker we have a solid understanding of the lenders criteria, and with all parties working together, we were able to deliver the funding efficiently and within the clients requirements and timescales”