Bridging Finance Solutions has once again shown its support and commitment to the first-time developer, with its latest short-term finance deal.
A seasoned builder, this was the client’s first steps into the world of development. The client had acquired a large plot on the edge of the Brecon Beacons in South Wales, dividing the site into four, introducing an access road and securing planning for one property on each parcel of land.
Funding was needed to build the first bungalow and sell it on – this would ultimately clear the mortgage on the land, and, upon completion, the development loan.
The client explained: “Having never ventured into the development world before, I was a novice to the finance side of things. Working with BFS really helped me unlock my lack of knowledge around funding, and ultimately, their support has enabled this project to go ahead.
“Whilst there was a lot of due diligence at the outset, the team at BFS have worked with me throughout. They have always been at the end of the phone to answer any enquiries and their personable nature has been refreshing in a world of faceless business.”
BFS has released funds according to the financial planning agreed in the build plan.
The client added: “I’ve had a fantastic experience with BFS, would not hesitate to recommend them and will undoubtedly work with them again!”