One stop

North West property developer secures funding for its third housing project

One Stop Business Finance has agreed a deal with Northern Property Consortium (NPC) to fund a housing development near Hyde, Greater Manchester.

The finance will be used to acquire the Godley Brook Lane site (pictured above) and its development into two bespoke four-bedroom homes, valued at £750,000. 

Property developer NPC was founded last year, and this project will be its third; the previous two were supported by One Stop.

Rick Parker, director at NPC, said: “We’re thrilled to get the ball rolling on this development, which is in a superb location that’s attracting a lot of interest, locally. 

“Despite the impact of the coronavirus pandemic, the housing market is still very active and there is still a pressing need to create high-quality new homes, particularly in highly sought-after locations, like our latest site in Godley.

“It’s no secret that businesses have found it more difficult to access property development funding since the coronavirus pandemic hit. 

“That’s why having One Stop Business Finance as our funding partner makes such a big difference, giving us confidence and certainty that any funding needs we have can be met quickly and professionally.”

Andrew Mackenzie, managing director at One Stop Business Finance, added: “We’re delighted to have been able to support NPC on its latest development during a difficult time for the construction sector. 

“As Rick knows well, having funding available at the stages when it is needed, with the flexibility to adapt quickly when circumstances change, is so vital in successful property development. 

“That’s why our ability to broker deals with numerous finance providers and from our own lending book is so beneficial, and why we continue to work with so many developers like NPC.”

The East Yorkshire-based SME funding specialist delivers secured loans from its own funding and through its network of finance providers for SME clients who can offer security for their debts.

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