2 hours to raise £3million

FROM RECEIVERSHIP TO DEVELOPMENT

WHEN SPEED WAS THE DIFFERENCE

THE CHALLENGE

A client identified a development opportunity being sold through receivership, but there was one major problem: time. At 10:30am, she contacted Always Wright needing finance terms within just two hours to confidently bid for the site. The previous developer had entered liquidation and foundations were already in place, making this far from a conventional acquisition.

THE COMPLEXITY

• Development site being sold through receivership

• Previous developer had entered liquidation

• Existing foundations created additional lender considerations

• Further funding required to complete the development

• Terms needed at speed to secure the opportunity

  
  

THE STRUCTURE

60% Day-One Funding↓Private Finance for Balance↓18-Month Development

Term↓

ACQUISITION → CONSTRUCTION → COMPLETION

THE RESULT

Always Wright immediately mobilised its specialist lender network and presented the opportunity to lenders experienced in complex development finance. Terms were secured within two hours, giving the client the confidence and funding pathway to proceed with the acquisition. A lender provided 60% funding from day one, with private finance completing the structure, while an 18-month term provided the time required to deliver the development.

We didn't wait for the market to provide an answer. We went directly to the people who could make the deal happen.

KINGS OF COMPLEX

Receivership. Liquidation. Tight deadline. Complex structure.

Still got it done.