20+ GROUND UP NEW BUILDS RUSCOMBE ROAD, LIVERPOOL
Focus Commercial sourced and arranged funding for the construction of 19 new build residential apartments and 2 semi-detached houses.
What we did
Focus arranged a development facility to construct 29 new build apartments.
Our long-established developer client has been in the construction industry for over 38 years, completing multi ground up, new build houses, apartments, and children’s nurseries.
Our client having been in construction, needed a valued partner for his property development and back-office development knowledge support, allowing their property development and construction companies to focus on their core business model, on purchasing and constructing new project schemes for new homes and selling to the end users for profit.
Development guidance, expertise and services we provided:
Secured the project site with rapid acquisition funding.
Prepared a detailed Development Appraisal to submit to the development lenders.
Confirmed to our returning developer client that the scheme was profitable and fit for funding presented through Focus.
Obtained Development 90% LTC Peak Senior Debt Funding.
Prepared a detailed Development Credit Paper to submit to the development lenders.
Prepared a detailed Development Appraisal to submit to the development lenders.
Prepared a detailed Development Cashflow Forecast to submit to the development lenders.
Liaised with the client’s architect.
Advised and arranged Structural Defect Warranty Insurance for our client.
Project Managed the whole loan process on behalf of our client, dealing with the lender, valuer, lender IMS, lenders solicitors and client solicitors.
Assisted our client with the lender’s IMS (Independent Monitoring Surveyors) requirements.
Advised our client what is needed for Practical Completion to ensure a smooth refinance for the commercial mortgage.
Completed a refinance at Practical Completion on a Development Exit product to allow sales period to achieve best selling prices for the properties.
Client was able to negotiate an extra £200,000 profit with the uplift on sale price of 19 units to Specialist Care Registered Care Provider.
The system that Focus have has got to be the best on the market.
“Over the four years I have been working with Focus, I have been absolutely delighted with every aspect of the services they offer. As a highly experienced builder and developer, with over 38 years in the construction industry, I needed a development finance expert to drive my first project.
I had lost confidence in the Banks. John was the project manager of the drawdown process, and he guided me through every stage. His detailed appraisal, costing, viability evaluation and planning gain, legal knowledge, allied to his overall construction knowledge helped to make my first project an enormous success. I now have a very successful development and construction company and still work with Focus on all my project development funding requirements.
Focus have arranged acquisition, development, and development exit funding for every one of my now completed and successful projects. John is both knowledgeable, professional, and very approachable and friendly, and his team are very supportive. The system that Focus have has got to be the best on the market.”
Property Developer
Mark Cooper
Markbuild Construction