Here are a few development projects that we've secured funding for in 2019:

the croft, derby - 22.3 Million GDV

PBSA Scheme Derby (356 Units) – The clients had
secured the site ad obtained planning and approached me last minute to raise £3.5m Equity/Bridge the initial facility to ensure the building kit was purchased in Europe and to keep on track with the time allocated for the project.

This project then required a further £17.5m which was achieved by using a Senior debt Facility via a UK lender, which was backed
by US Funds for 15 months (3 mth extension clause). This was at 7.5% PA to allow the developers to pay initial equity investor £3m and then execute an ICD for £500k to sit 2nd charge behind
new Senior Debt provider, who also funded 100% of the construction, professional fees and interest.

£340,000 secured for a 6 Bed HMO on Wolfe Crescent in London

We secured a Acquisition & development finance facility – £340,000 facility, 12 months @ 7.5% pa covering the acquisition & 100% of the refurbishment drawn I stages after QS Monitoring & Monthly Reporting. Achieving no more than 65% of the GDV. PG’s to cover 20% of the Loan amount. 

£1.02m GDV for the redevelop a vacant pub in stoke

Initial Bridge £140,000 sought to allow for purchase of the vacant pub. No valuation speed of essence as clients were in a Notice period. Then a requirement for Senior debt development finance £655,000 @ 7.25% over 9 mths via a private bank plus a £78,000 Mezzanine Facility for 9 mths via one of our private lenders, ICD executed. GDV confirmed @ 1,020,000 to repay back initial bridging loan (acquisition) and fund 100% of the development of 13 apartments in an vacant pub in Stoke

£465,000 for this development project in London

We secured a Acquisition & development finance facility – £465,000 facility,12 months @ 8% pa covering the acquisition & 100% of the refurbishment drawn I stages after QS Monitoring & Monthly Reporting. Achieving no more than 65% of the GDV. PG’s to cover interest shortfall and build cost over run

£977 000 GDV - development of 12 x 1 bedroom apartments

A requirement for Senior debt acquisition & development finance £619,190 @ 7.25% via a private bank for 9 months plus a £45,000 Mezzanine Facility for 9 months, ICD executed. GDV confirmed @ £977,000 with an exit buyer/investor in place. The property occupies a prominent corner position in Carlisle. The site comprises a freehold former church and main building a social club with additional extensions. Planning permission granted on 21-07-18for 12 x 1 bed apartments. Total Project cost £697,000.a

£320,000 secured for this 6 bedroom hMO in Melthorpe Gardens, London

We secured a Acquisition & development finance facility – £320,000 facility,12 months @ 7.5% pa covering the acquisition & 100% of the refurbishment drawn down in stages after QS Monitoring & Monthly Reporting. Achieving no more than 65% of the GDV. PG’s to cover 20% of the Loan amount. 

£265 000 secured for this development of a 6 bed HMO in Highcombe

We secured a Acquisition & development finance facility – £265,000 facility,12 months @ 8% pa covering the acquisition & 100% of the refurbishment drawn down in stages after QS Monitoring & Monthly Reporting. Achieving no more than 65% of the GDV. PG’s to cover 25% of the Loan amount. 

Blue Dragon Finance Limited co number (0913 9837) is an Appointed Representative of Axis Finance. Axis Finance is a trading name of Andy Northgraves which directly authorized and regulated by the Financial Conduct Authority. Our Financial Services Register Number is: 659317. 

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Development Finance

Equity/JV Funding

Mezzanine Funding

Buy To Let Mortgages

Commercial Finance