Terms for the case were issued on 29 September, with the application completed and all documents uploaded by the broker within 24 hours.
Many lenders have drastically changed their attitudes, and availability and terms of financing for residential development have become extremely difficult for small housebuilding companies.
As founder of Finance 4 Business which was established 15 years ago, Russell Martin remains a shareholder.
Emerging from Brexit and recovering from the pandemic provides businesses with an important opportunity to focus on their green credentials.
Speaking at the NACFB Commercial Finance Expo, Barrett said that funding for small to medium (SME) developers has to take a sensible approach.
Discussing the need to empower small to medium (SME) housebuilders at the NACFB Commercial Finance Expo, Cox said developers are struggling to get planning permissions under the current system.
The processing channel has fewer stages, reduced documentation and enhanced technology to help move cases smoothly to offer and completion.
Octane Capital has appointed Benjamin Donelien to its treasury team as finance manager.
The buyer, who KSEYE has worked with before, had been let down by another lender, leaving only one day to source alternative finance.
Rates for bridging loans at £200,000 will now start at 0.43%, the bank’s lowest ever bridging rate.