Castlehill Capital

05/09/2022

05/09/2022

An urgent bridging loan was completed and drawn down by Castlehill Capital within 6 working days.

The loan facility was used to provide much needed cash-flow for a site in progress in St Austell. Work on the site had begun already – with foundations being dug and some of the timber frames having been erected.

The developer had funded the works and the purchase of the site from their own cash reserves. And were waiting on a decision from a development finance lender to provide a full development loan facility.

As this took longer than expected, cashflow became tight and the developer needed funds to help pay wages to keep staff and machinery onsite.

The last thing anyone wanted was the progress of the development to halt whilst the funding was sorted out. Castlehill Capital were able to step in and offer the borrower a quick funding solution secured against the site. Funds were drawdown 6 working days after initial enquiry providing much needed relief to relief to the developer 😀

05/09/2022

We’ve noticed a recent increase in loan enquiries for Edinburgh over the last few months. One of our favourites neighbourhoods is Stockbridge and Castlehill Capital were delighted to be involved in funding a residential project there.

The property had a mixed use classification which initially posed some issues but these were quickly dealt with before full consent was granted for conversion to an all residential classification.

This loan application involved another first time property developer and we were delighted to finally get the funding over the line.

Along with minor issues with the mixed use classification there was also the business case of a serviced accommodation to assess. Our client had put together a convincing proposal and we were happy to back his vision. 😃

05/09/2022

A wonderful late 19th century building close to the beachfront of Bridlington was our latest project with a long time builder client.

The client had already purchased the property and was well through an extensive refurbishment programme which included much structural work, a new roof and restoration of the front facade. Formerly a 25 bed hotel, the client had planning permission to convert into 14 residential flats.

Much of the client’s own funds had been invested in the project so far and he needed a loan facility which enabled him to complete the remaining £280k of works.

A previous lender had been involved but had only provided an inflexible bridge facility which didn’t enable the client to drawdown further funding in a smooth and easy fashion.

Castlehill Capital provided a loan facility which redeemed the existing 1st charge lender and provided a 2nd tranche of development funding to drawdown as work progressed.

The client had also been servicing the initial bridge loan therefore, the new facility with rolled up interest really improved monthly cashflow for the client 😃

02/09/2022

Good morning Facebook.
We Fund All Kinds of Property Deals!
Loans are secured against residential property, commercial property or land by a 1st or 2nd charge. We specialise in funding complex projects and focus on the value of the asset rather than borrower covenants.
Properties we have funded include residential investments, HMO’s, residential conversions, new builds/developments, offices, office conversions, industrial properties, barn conversions, steadings, farm buildings, holiday lets, castles and listed buildings...