Residential Development

A sales guarantee facility forwarded £800,000 on exchange of contracts which was used in the funding stack.

Amount Raised £8.5 million

Developer Contribution £200,000

Debt £6.5 million

Equity £1.0 million

Bridging NIL

Forward Funding NIL

Total Cost of Borrowing 6.5% on senior debt + 50% of profit for the equity investor

Number of Unite 50 houses