Our client approached us in March 2024 to fund the purchase and redevelopment of a site near to Sowerby Bridge, West Yorkshire. The scheme involved the demolition of an existing mill on the site to make way for a new build apartment building consisting of 17 flats.

District and County Investments structured a £2.3m bespoke loan to support the client’s redevelopment scheme over the full life cycle of the project, combining both acquisition and development funding within a single solution. We provided £0.3m to part-fund the site purchase, with the remaining £2.0m allocated towards construction costs. To provide maximum flexibility and cost efficiency, the loan was structured as a 24-month facility with a dual-phase approach.

For the first 18 months, the loan operated as a development facility, supporting the build phase. Upon achieving practical completion, the facility converts into a lower-rate development exit loan for the remaining term. This removes the need for refinancing at completion and reduces overall borrowing costs for the client.

This transaction demonstrates our ability to think beyond standard lending structures and deliver bespoke, flexible solutions that evolve alongside our clients’ projects.

Contact District & County Investments now to talk about funding your next property project.