Development Finance Case Studies

Real examples of how we've helped property developers in Bexley secure the right funding for their projects. Every deal is different, and these case studies show our approach in action.

New Build

6-Unit Residential New Build

Bexleyheath, DA6

Funding

£1,200,000

LTC

70%

GDV

£2,100,000

Timeline

14 months

A developer with 5 previous schemes approached us to fund a ground-up development of 6 two-bedroom apartments on a former garage site in Bexleyheath. The project required demolition of existing structures and new build construction.

The Challenge

The site had a restrictive covenant that needed to be addressed before construction could begin, and the developer needed the land acquisition funded quickly to secure the deal.

Our Solution

We arranged a bridging loan for the acquisition within 7 days, then transitioned to a development finance facility once planning was confirmed. Senior debt at 70% LTC with staged drawdowns against QS certification.

The Outcome

The project completed on schedule with all 6 units sold within 3 months of practical completion. The developer achieved a 22% net profit margin on the scheme.

Commercial Conversion

Office-to-Residential Conversion

Erith, DA8

Funding

£850,000

LTC

65%

GDV

£1,450,000

Timeline

10 months

A first-time developer identified a vacant office building in Erith suitable for conversion to 8 residential apartments under Permitted Development (Class O) rights. The building needed significant internal reconfiguration and external improvement.

The Challenge

As a first-time developer, securing competitive finance was the main challenge. The property also needed a prior approval application to be submitted and approved.

Our Solution

We sourced a lender comfortable with first-time developers where the project fundamentals were strong. The prior approval was obtained within 8 weeks, and we arranged development finance at 65% LTC with the developer contributing 35% equity.

The Outcome

The conversion was completed in 10 months, slightly ahead of schedule. Six units were sold and two retained as buy-to-let investments, generating both capital profit and ongoing rental income.

Mixed-Use

Mixed-Use Development

Sidcup, DA14

Funding

£2,100,000

LTC

68%

GDV

£3,600,000

Timeline

18 months

An experienced developer planned a mixed-use scheme comprising ground-floor commercial space and 12 residential apartments above, on a prominent corner site in Sidcup town centre. The project involved demolition of an existing retail unit and new build construction.

The Challenge

The mixed-use nature added complexity to the finance structure, as lenders needed to assess both the residential and commercial elements. The scheme also required Section 106 contributions that affected viability.

Our Solution

We structured a facility combining senior debt at 68% LTC with a mezzanine tranche to bring the total leverage to 85% of costs. This minimised the developer's equity contribution while maintaining viable economics after Section 106 contributions.

The Outcome

The development completed on time and within budget. The commercial unit was pre-let to a national coffee chain, and all 12 residential units sold within 6 months. Net profit margin was 19% on the overall scheme.

New Build

Elizabeth Line Adjacent Apartments

Abbey Wood, SE2

Funding

£1,800,000

LTC

70%

GDV

£3,200,000

Timeline

16 months

A developer secured a site within walking distance of Abbey Wood Elizabeth Line station for a scheme of 10 one and two-bedroom apartments. The proximity to the Crossrail station made this a premium development opportunity.

The Challenge

Competition for sites near the station was intense, and the developer needed to move quickly to secure the acquisition. Build costs were higher than typical due to the quality specification needed to achieve premium pricing.

Our Solution

We arranged a bridging loan for same-week acquisition, then seamlessly transitioned to a development finance facility. The strong GDV supported by Elizabeth Line premiums allowed us to secure 70% LTC at competitive rates of 0.65% per month.

The Outcome

All 10 units were sold off-plan before practical completion, with prices achieving £380-£420 per square foot — a significant premium reflecting the Elizabeth Line location. The developer achieved a 24% net profit margin.

Your Project Could Be Our Next Success Story

Whether you're planning a new build, conversion, or refurbishment in Bexley, we have the expertise and lender relationships to find the right funding for your project.

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