Development Finance
7000 sq ft detached house75% provided by aleading clearing bankOur investor team provided the balanceSonning acts as an intermediary for an investor team which provides mezzanine,2nd Charge finance to smaller emerging developers.
Our investor team provides ‘top up’ finance which is required by many developers to give them the vital 25% project finance not necessarily made available by their 1st Charge finance provider.
Most recent projects include:
Surrey
A beautiful 7000 sq ft detached house with a private footpath on to the Wentworth Estate has just been completed and sold. A leading UK clearing bank provided 1st Charge finance with our investor team providing the balance.
The project was completed on time and the house sold within weeks.
Hertfordshire
A public house near the centre of a market town was sold for demolition and site regeneration.
Working with a prominent UK bank which provide the 1sr Charge finance, our investor team provided the mezzanine finance to enable the developer to build six terraced houses in the style of the existing street scene.
The houses were exchanged and sold immediately on completion.