Flexible development finance solution for custom-build homes

Fiduciam provided a £3.2m development finance facility for a custom-build homes scheme in south London.  The challenge was to provide the developer with a flexible funding solution that could accommodate the variety of end products potential purchasers might desire.  A structure was agreed that enabled the client to pull down funding as required, covering all options from shell sale to fully fitting out the houses.  This fit-for-purpose funding offered the developer the flexibility to find the most profitable sale options.  The borrower’s testimonial: “Fiduciam worked closely with us to provide a flexible funding solution that not only let us manage the development in the way that we felt was important, but also in the way that our homebuyers wanted.”