This developer had used their own funds to build 5 new residential apartments. Prior to the sale of these properties, they had identified a new development opportunity and needed liquidity to start the scheme.
Sirius were able to secure a low rate development exit loan on the client’s current development at 60% leverage in just 6 weeks, including a re-inspection.
Sirius Property Finance Group LTD is an Appointed Representative of Bright Star Financial Limited. Our Financial Services Register number is 813945. Bright Star Financial Limited is authorised and regulated by the Financial Conduct Authority. Their Financial Services Register number is 712700. You can check this on the Financial Services Register by visiting the FCA's website www.fca.org.uk/register or by contacting the FCA on 0800 111 6768. Sirius Property Finance Group. Registered office: 7 Woodbrook Crescent, Billericay, Essex, CM12 0EQ. Registered in England and Wales. Company no: 10132820