Client: An existing portfolio client with a wealth of development experience looking to breathe life into the Isle of Wight’s heritage coastal town of Cowes.
Requirement: Our client required a creative solution in order to complete the development of 4 plots of land located within a Grade II listed estate. With intentions to build & sell several luxurious properties; Coreco Commercial needed to act promptly for our client to complete phase one to schedule.
Facility: A bespoke facility was negotiated which allowed our client to repay existing secured short-term finance & replenished funds. We were able to secure a multi-million-pound short-term bridge & 2 development loans with a respectable interest rates in order to proceed with the Isle of Wight project.
Broker: Julian Ingall