CASE STUDIES
Whatever you need it for, we are here to help.
Everyone needs TLC
Make your project come alive
CASE STUDY
Development Project: Lending case
Our client a well respected developer approached us to secure funding to enable them to finish their development.
We had already provided the initial funds to purchase the site and with completion due for August 24 they were keen to keep to this timeframe.
Loan Amount: £500,000. LTV: 50%
CASE STUDY
Residential Farmhouses: Lending case
Our client’s owned two large residential properties in Jersey. They had existing development finance which – due to over-runs with the development project – the loan had matured before the loan was complete. They required a new loan facility as their current lender could not renew their loan.
Loan Amount: £2,690,000. LTV: 58%
CASE STUDY
Property Purchase: Lending case
The client wanted to purchase a property from a member of his family at a discount to the full value.
The client had approached the high street banks for a mortgage to do the purchase, however they were unwilling to help at this stage.
Loan Amount: £330,000. LTV: 44%
CASE STUDY
House Modernisation: Lending case
The client inherited a share of a residential property with their brother in 2023.
The client wanted to modernise the house and had spent her savings to do this. She needed an additional £150,000 to finish the works.
Loan Amount: £150,000. LTV: 15.3%
CASE STUDY
Refinance of an existing private lending case
The funds were originally borrowed in 2018 for the client to invest into an overseas business venture which is now profitable and starting to return capital to the investor. The client has subsequently renewed the loans following some capital reductions.
Loan Amount: £150,000. LTV: 17.65%
CASE STUDY
Bond Street, St Helier
We were delighted to assist with the finance to enable a respected local developer to purchase a tired old office block at 17 Bond Street, which was originally occupied by a Jersey trust company with a view to convert the building in to 9 modern apartments.
The development was completed and fully sold in the summer of 2022.
CASE STUDY
Manor Farm, St Peter
An ongoing development, this project is starting to take shape. The developer is looking to complete by the end of March 2023, with sales due to commence circa Feb 2023.
TLC Finance were happy to help fund a Development Finance loan of £3,737,417.00 to enable the client to build 11 houses (GDV circa £10,000,000).
CASE STUDY
Midvale Road, St Helier
TLC Finance were happy to help our client with the funds to buy and develop an existing home on Midvale Road, which needed some tlc of its’ own.
The property was converted into 3 large modern apartments with gardens.
Do you have a new or ongoing project that needs a little “TLC”?
Why not apply online today for your own Development Finance Loan.