Project: Warrington, Lancashire
No. of units: 36
Duration: 17 months
Total funding: £5,828,924
Introducer Fee: £77,616
A very well established developer came to talk to us about a new project which would see the demolition of a hotel and construction of 30+ residential units in its place.
This opportunity was too good to let pass by, but the developer had their financial resources deployed in other schemes.
Our promise of 100% total funding, allowed them to snap up an opportunity that could have otherwise been missed. We set up a SPV and purchased the site freehold with full vacant possession with the developer as a joint venture partner.
Work has since started on site to construct a total of 36 homes, comprising of 9 no. 2 bed flats and 27 no. 3 bed houses. The site is situated in a very desirable part of countryside which boasts strong transport links in the commuter belt between Manchester and Liverpool.