tailored high value development finance
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About us
Welcome to Grow NW, consummate specialists in sourcing, securing, and managing agile finance for ambitious and substantial development projects. With countless years of experience behind us, we are able to tailor bespoke packages to suit every client’s precise needs and every specific situation. We know finance. We know construction and development. That’s how we are uniquely poised to ensure the perfect, customised solution to financing each individual project or proposal.
Tailored High Value Development Finance
Unlike standard, one-size-fits-all financial products, we are able to work with banks and lenders to achieve the ideal outcome, regardless of the scope of the project. Somewhat uniquely, we are also able to work with developers in order to deliver. Be this conversions, out of the ground developments, airspace residential schemes, Industrial projects or even planning gain opportunities following site acquisition.
Agile and dynamic funding
Such projects deftly illustrate the agile and dynamic full consultancy package we are proud and privileged to deliver for our client portfolio. Despite the sums and scales involved, we strive to acquire the most suitable and competitive professional Development Finance possible, with the wherewithal to utilise development finance, bridging finance, split funding, mezzanine finance or equity financing – even government grants where, in certain areas or spheres, these may be applicable.
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completed projects
Project Vulcan
On Project Vulcan we worked side by side with Assetz Capital with a deed of priority for our privately funded 100% of the LTC Development loan to enable McCrory Brickworks, the lead contractor, to deliver a turnkey 45,000 sq ft unit to the client in November 2022.
The next phase of the larger 75,000 sq ft unit on the site is due to commence Spring 2023. Again 100% fully funded private development loan to the contractor negating constant program measures and valuations that can sometimes cause delays in staged drawdowns some funders experience.
The Copper Beeches
Planning update on The Copper Beeches for a further 12 houses. We have been involved in the development on this site since 2018. We welcome the continued support of HS Credit for their substantial financial backing of this project along with high net worth private investment.
More Mortgage Solutions have been independently working with individuals and Help To Buy Wales to enable first time buyers to get their foot on the property ladder in providing specialist mortgage advice.
Kiren Foods
£2.1m time sensitive refinance of two properties leased to Kiren Foods requiring the most ‘Conditions Precedent’ we have seen in a loan offer.
These included new leases, discharging a CVA, dealing with existing Invoice Discouting & Factoring facilities to a managed exit and a hostile lender who had appointed a recovery agent, to name but a few to a very tight timescale and MFS were flexible and took a view on some last minute potential issues to get this completed in August 2023.
Boutique Aparthotel
Acquisition of a Boutique Aparthotel in the heart of Windermere. Deal size £2.85m senior debt funded by Fiduciam charged over the the hotel with a Mezz, funded by ourselves, behind the senior on a deed of priority and a charge over another property owned locally by the same operator and a slice of equity.
Residential Property Portfolio REfinance
Refinance of a property portfolio in Leeds including this stunning penthouse apartment.
When Kent Reliance/One Savings Bank called in the receivers over an unrelated issue the clients needed a fast refinance of the properties owned by the company in order to retain them moving forwards.
Moving swiftly with Black & White Bridging, topped up by a Mezz facility from ourselves, on a deed of subordination. All three properties were retained in a deal value of £2.7m. Got to give Oliver Bland, Head Of Lending at B&W, a mention who we worked closely with to get this done on time. Along with Damien Druce, Commercial Director, who personally got involved to make this happen. Deal completed October 2024
Bridging Loan to secure airspace opportunity
Another deal funded by Black & White Bridging on a very tight timescale. Initial bridge to secure the site for 13 ‘Airspace’ apartments on the roof of existing property in Ealing including the conversion of the loft space. Complex security with 15 TS1’s already sitting on the land registry portal, an AN1 that had to be removed and some equity that had to be secured.
Initial deal size circa £2m at October 2024. Moving to a development facility in December 2024, circa £5m. B&W staying in senior position and equity sitting behind. GDV £8.725m
Barn Conversion Sowerby BRidge
Barn conversion in Sowerby Bridge Halifax split funded with ABC Finance & MT Finance over multiple titles. 6 new dwellings on total GDV £3m completed early 2024
Testimonials
“I’m thrilled to get this one over the line!
This case was filled with challenges and negotiations, but together, we overcame every obstacle. shoutout to Shaun Bains for the way in which he navigated this case through to completion.
Thanks to Anthony Young for trusting Market Financial Solutions on this one and i hope this is the first of many!”
Other Exciting NEW projects
Bowlers Yard 62 new build apartments in Manchester City Centre
Retained by Regin Group to deliver 62 residential apartments, direct to the retail housing market in central Manchester. Currently scheme awaiting ‘Gateway’ approval and looking to get out of the ground Q1 2025. Senior debt provider Maslow Capital with JV Equity of £4m. Target completion Mid 2026. GDV £25m
Office to residential scheme in Bath
Retained by Union Four to deliver an office to residential / short stay holiday let Grade 2 listed office building in central Bath. Currently in planning with a decision expected before the end of 2024. Scheme will comprise a total of 11 one bed and 6 two bedroom boutique hotel apartment suites.
Target is to bring to the market mid 2025. Currently privately funded with a target to deliver an annual EBIT of £1.4m within two years of opening. Operated by The Bath Holiday Company on behalf of private investors.
Target is to get to 200 keys over the next two years in the UK across sites to include Mayfair in central London, York, Nottingham, Brighton, Oxford, Cambridge, Chester, Bristol, Edinburgh.
Then potentially expand into central Europe starting with Amsterdam in 2027
New Build project in cornwall
Working with a local developer to acquire and deliver 10 new residential homes in the picturesque Cornish village. Scheme has the benefit of full planning and includes three affordable homes for local residents. We have provided our own private funds to enable the developer to secure the site ‘off market’ prior to the development finance stepping in early 2025 to deliver the project.
Expected contraction period of 12 months with a GDV of £3.9m. Development Finance secured with Nexa Finance.
More details to follow on these and other exciting new projects……