Blackfinch Property Provides Development Loan for a Residential Refurbishment in Bristol
Blackfinch Property continues investing in the Southwest region, here supporting a building contractor it has worked with previously on other projects.
The property for which it has provided a loan is a modern five-bedroom house situated in Stoke Bishop, an affluent city suburb of Bristol. The loan is being used to purchase the site, as well as for the subsequent clearance of the land and erection of the dwelling.
The location of the property gives access to local amenities, including supermarkets, schools and a local sports centre. It is a short walk to Sea Mills train station, which has fast and easy transport links into Bristol Temple Meads, Bristol Parkway and Cribbs Causeway. It also gives easy access to local landmark Blaise Castle, which offers historic walks and picturesque views.
The development extends over three storeys, including a kitchen and family room, and a master bedroom with an en suite, as well as two further bedrooms with en suite bathrooms. The top floor incorporates two further rooms with a shower room.
The developer was keen to move quickly on the development, which was challenging given that there were several pre-commencement conditions from the council that had to be satisfied, including an ecological/badger survey.
Blackfinch Property overcame all hurdles and completed documentation within the developer’s required timeframe. The deal took just 44 days from the commencement of due diligence to completion.
Blackfinch Property is a fully funded provider of innovative short-term bridging and development financing solutions. For more information email [email protected].