Our client was a highly experienced developer, with many successful, large projects across the country, as well being a long-standing owner of a farm with outstanding environmental credentials. However, being in his late-60s and needing to release funds for family purposes, as well as the planning process for 150 new homes on a corner of his farm, meant that the high street had no interest in supporting him, despite his many successful projects that had made them lots of money in the past.
We quickly provided an offer-in-principle that prevented the project de-railing and followed this swiftly with funds and built alternative repayment plans in to the contract, to allow for how the development progressed.