SPF Private Clients secures funding for developer's luxury Manchester scheme

SPF Private Clients has secured a £20m facility for Mulbury City (Mulbury Homes) for the latter’s luxury apartment scheme in central Manchester.

The developer’s 108-apartment canal-side Excelsior Works scheme (pictured above) has a GDV in excess of £30m.

SPF was able to source the funding on highly competitive terms for Mulbury, with the broker’s Manchester team managing the transaction from start to finish, structuring the initial deal and seeing it through the legal process.

Russell Hall, director at SPF, said this was another success story for the team.

“Using our in-depth knowledge, we structured funding which suited the client’s requirements, timescales and aspirations. 

“This has opened up further opportunities for Mulbury Homes to fund other schemes in the future.”

Greg Mulligan, co-founder of Mulbury Homes, added: “The wealth of knowledge and expertise of Russell and his team at SPF were major factors in achieving the right funding for this scheme. 

“Their key lender contacts were crucial in obtaining bespoke terms for us, which we could not otherwise have achieved.”

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