Partner Completes on £1.5M Essex Development Project
Loan to Purchase Part-Build Project - Deal Summary
One of Brokerplan’s network partners has recently completed on a £1.5M loan with Octane Capital!
The clients approached our network partner looking to purchase a half-build project in Essex, which had sat untouched for four years after being abandoned by the previous developer.
The clients were looking to take out a facility that would assist them in purchasing the development site, complete the refurbishment works of the existing property and also with the building of 10 flats and 4 houses on the grounds of the property.
The Brokerplan partner worked closely with the team at Octane and managed to get this case from application to drawdown in just 20 days, receiving £33K in commission from the Procuration and Broker fee on the case.
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