A North Devon construction company recently faced a significant challenge when anticipated funding for their latest mixed residential and commercial development fell through at the last moment.
Despite having funding in principle agreed with a high street bank, they experienced nine months of delays, before being informed that the bank would only proceed with funding the residential element of the scheme and not the commercial units. This late change left the business needing an alternative funding solution at short notice.
Having worked as contractor on a previous scheme funded by Bricks, the company turned to us. We were able to arrange the necessary funds within just four weeks, ensuring the project could proceed without further delay.
Nicholas Shepherd from Bricks commented, "It was great to work with the team again, having seen the high quality of their delivery on a previous project.”
Despite having funding in principle agreed with a high street bank, they experienced nine months of delays, before being informed that the bank would only proceed with funding the residential element of the scheme and not the commercial units. This late change left the business needing an alternative funding solution at short notice.
Having worked as contractor on a previous scheme funded by Bricks, the company turned to us. We were able to arrange the necessary funds within just four weeks, ensuring the project could proceed without further delay.
Nicholas Shepherd from Bricks commented, "It was great to work with the team again, having seen the high quality of their delivery on a previous project.”
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Founded in 2014 with over 90 years of combined property, finance and legal expertise, the Bricks Finance team help local people to access finance easily and quickly by offering bespoke lending using their own funds as well as those from investors.
