- Client: UK SPV
- Gross Development Value: Circa £14,000,000
- Loan Amount: Circa £9M
- Location: Northern Ireland
Enness Global was approached to secure funding for a prime development site in Northern Ireland. The project involved the construction of over 80 serviced apartments, with demolition and preliminary works already completed before our involvement.
The borrowers required a facility to fully fund the build-to-finish stage, including finance costs. However, securing development funding in Northern Ireland can present unique complexities, particularly with planning issues requiring input from King’s Counsel.
Leveraging our extensive lender network, Enness Global swiftly structured and negotiated a circa £9M plus development facility with a lender willing to meet the client’s needs. While the application process took slightly longer than anticipated, we maintained regular communication and ensured significant progress at every stage. This transparent approach kept our clients informed and satisfied throughout the process.
Enness Global can structure deals to address the most complex scenarios, get in touch with us to discuss how we can support your next development finance project
Information contained in our case studies is for market and illustrative purposes only. In some cases, these may be made up of multiple cases and are for illustrative purposes only.
Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.
Property values can fall as well as rise, and you may not get back the amount originally invested. Property investments can be illiquid and may take time to sell. Where borrowing is used, your property may be repossessed if you do not keep up repayments on a mortgage or other loan secured against it.
