They helped a developer who had been turned down by another lender at the last minute.
Primus Finance has partnered with Affirmative to help a developer who was turned down by another lender at the last minute for reasons relating to the location, potentially putting his project in jeopardy.
Affirmative’s BDM Kyne McAllister took this case the lender’s head of underwriting Chi Ho.
Due to their close collaboration with their legal advisers, the Affirmative team were able to work with the developer and their solicitors to ensure that the deal was completed in time for Christmas so that the project stayed on track for 2020.
Steve Pollard, senior bridging consultant at Primus Finance, said: “Our client owned an unencumbered site with full planning permission in a somewhat rural location in Lincolnshire.
“The client needed a lender that ticked all boxes in terms of loan size, site location and developer experience and one that could turn around the application as quickly as possible as the developer wanted to get started on the build.”
“Affirmative were a new addition to our development finance panel and I must say I was really impressed with the broker-centric service from both their underwriting team and solicitors.
“Great effort all around and special thanks to Chi Ho, Kyne McAllister, Jane Avery and James Green.”
