Regentsmead funds new build project

Regentsmead funds new build project



Regentsmead recently helped a new client by funding the development of six new build apartments in a matter of days .


Regentsmead recently helped a new client by funding the development of six new build apartments in a matter of days.

Funds for: Site clearance and construction of 6 new build apartments in West Bridgford, Nottingham

Purchase price: £195,000

Build Cost: £410,000

GDV: £870,000


This was the first time Regentsmead had dealt with this particular introducer on this case, where in a normal situation, it would have spent more time to discuss the project as it was a new client. However, as there was a time issue, they used the opportunity to show the client what it can do.

Commenting on the deal, Ashley Ilsen of Regentsmead said: “This was the first time we had dealt with this particular introducer on this case, which is always a great opportunity to show what we can do.

“Whilst commercial finance isn’t necessarily the main bulk of their business the case was handled very well. Once we took over we were able to liaise directly with the client just a day or two after providing terms.

“The client had a time sensitive issue which required him to agree the deal within a matter of days. Usually for all new clients we invite them and the introducer into our office to meet the team and discuss the project at greater length.

“Unfortunately they were due to leave the country for a few weeks so I duly made the trip to Nottingham. Offer letter was signed that day over a bite to eat and funds were received on completion of legals when they returned from their trip a few weeks later.

“The build was very straightforward and went very well which was mainly down to the expertise of the client. We are already discussing further projects in the area and have had great feedback the broker and client.”



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