Loan has been secured thanks to lender's assistance
Self build finance specialist Mayflower Mortgage and Finance’s development arm has announced the successful completion of a £4.6 million development loan, following a collaboration with lender Golden Tree.
It will support first-time developers, ensuring they have the necessary resources to transform their visions into realities and cover the entire construction costs of their projects.
The partnership underlines the focus of both partners to empowering new entrants into the field.
“We are thrilled to partner with Golden Tree on this project and extend our support to these talented first-time developers,” said Mike Pawley, managing director of Mayflower Mortgage and Finance.
Mayflower Mortgage and Finance is a family-run self-build mortgage specialist in the UK. It has over 200 development lenders and offers to help clients in securing financial and related insurance for self-build and development projects.
Its development arm provides real estate advisory service for all types of development projects, supporting experienced and emerging developers. It also promises to seek source financial solutions including for senior debt, mezzanine lending, and investment debt.
Golden Tree is a short-term secured property lender in the UK. Its products include funding ranging from £100,000 to £10 million for projects and properties, including for property/land acquisition; capital raising; refurbishment finance; and refinancing, in mainland UK.
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