Residential Development
A sales guarantee facility forwarded £800,000 on exchange of contracts which was used in the funding stack.
Amount Raised £8.5 million
Developer Contribution £200,000
Debt £6.5 million
Equity £1.0 million
Bridging NIL
Forward Funding NIL
Total Cost of Borrowing 6.5% on senior debt + 50% of profit for the equity investor
Number of Unite 50 houses