Property Development Funding – Celebrating 20 years with a client!
Being established for over 80 years, one of our most valued principles is our long term relationships with our property developers. One relationship that really brings this home is the fact that we have now dealt with one of our clients for over 20 years. In that time James Bloom has seen the client's daughters grow up, have children of their own, and we are now lending to them too.
James commented on this valuable relationship: "It’s always nice when business becomes a real family affair and after initially dealing with Chris 20 years ago we are now lending to his daughters who continue his excellent work to the highest standard. Their product has always been, and continues to be, of the highest standard, and whilst Chris and I don’t look as good as we did 20 years ago we are always delighted with the result of every deal we do together. Here’s to the next 20 years." The latest deal was a development loan of £900,000 which we put £400,000 towards the purchase of the property and £500,000 towards the build of the project.
This substantial project involved demolishing an existing bungalow in Weybridge, Surrey in order to build a six-bed house. The clients (both Chris and his daughter, Tracey) were also in need of a £100,000 increase which we could agree on the spot, where the money was in their account by the next day. Another great advantage to lending our own funds! Chris’s daughter Tracey commented: "We have worked with Regentsmead over the last 20 years; we have a great relationship with James and the rest of his team. Everyone within the team including Arwel (QS) is always extremely helpful, and get things moving and in place quickly - for example we have had offer letters within a matter of days."