- Client: UK SPV
- Gross Development Value: Circa £14,000,000
- Loan Amount: Circa £9M
- Location: Northern Ireland
Enness Global was approached to secure funding for a prime development site in Northern Ireland. The project involved the construction of over 80 serviced apartments, with demolition and preliminary works already completed before our involvement.
The borrowers required a facility to fully fund the build-to-finish stage, including finance costs. However, securing development funding in Northern Ireland can present unique complexities, particularly with planning issues requiring input from King’s Counsel.
Leveraging our extensive lender network, Enness Global swiftly structured and negotiated a circa £9M plus development facility with a lender willing to meet the client’s needs. While the application process took slightly longer than anticipated, we maintained regular communication and ensured significant progress at every stage. This transparent approach kept our clients informed and satisfied throughout the process.
Enness Global can structure deals to address the most complex scenarios, get in touch with us to discuss how we can support your next development finance project
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