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. 

Development Finance is typically provided by specialist lenders, banks, or financial institutions with extensive experience in the commercial property market and funding may vary for various stages of the development process, including land acquisition, planning permission, construction costs, and marketing. In order to secure appropriate development finance, Grow NW will consult from the outset, to provide detailed plans and projections for the proposed project.

£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.

We have completed funding rounds 1 & 2 on a barn conversion site in Sowerby Bridge just outside Halifax.  This was stepping into a part completed development.  Round three is pending subject to planning having already been valued and bring in three new lending sources in a complex financial model to make the project work. If you included the deferred part carried over from the initial lender under a deed of priority it is now a four way structured funding deal

We are working as part of a team alongside Stoke City Council, Homes England and private land owners for the 117 acre site in northern Stoke.  Currently the Council are working on a new Local Plan which will replace the existing Core Spatial Strategy.  The plan  will cover 2020 – 2040 and will set out a strategic vision and objectives for the area.   The site forms part of Stoke-on-Trent & Newcastle-under-Lyme’s joint local plan and therefore all involved are optimistic that we will play a central role in delivering hundreds of homes and associated infrastructure for this area over the next 5 years.

The acquisition of a luxury boutique aparthotel by an established provider in this sector, comprising a blend of senior debt and mezz funding with a level of equity debt to achieve almost 80% funding of the £3m purchase price.  The funding for this scheme is led by a senior debt facility in excess of £1.6m from Cynergy Bank .

Working with a private client to secure a site, gain planning and construct a fully funded 120,000 sq ft high bay warehouse in Manchester.  This bespoke unit being custom built for the clients own use for their manufacturing base.  The unit should be fully completed and handed over to the client who will relocate to the new unit towards the end of 2024.  Project supported by an initial £2.4m funding line from Market Financial Solutions in Mayfair.