£410k purchase into a £1.5M GDV development
Four apartments plus a new build — with zero client cash in at purchase.
£410k
Purchase price
£1.5M
Projected GDV
75%
LTGDV funded
12 months
Build programme
A high-value development site with no build finance in place.
A developer had secured a planning-approved site at £410,000 but needed a lender who understood development finance and could fund both the purchase and the full build programme against the projected gross development value.
The Challenge
Full development facility structured from day one.
We arranged a development finance facility covering 100% of build costs and a significant portion of the land purchase, structured against the £1.5M projected GDV. Funds were drawn in tranches aligned to construction milestones, with monitoring in place.
Our Solution
Project fully funded. Profit protected.
Construction began on schedule and the development is tracking against GDV. The developer has retained sufficient profit margin after finance costs and is already in discussions with us on their next site.
The Outcome
Land purchase
£410,000
Projected GDV
£1,500,000
LTGDV
75%
Draw structure
Tranche-based
Fund your development from land to sale.
Development finance structured around your GDV – not just your costs.
The right finance turns a good site into a great return.