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A decade of developer friendly lending

£150M of loans closed in the last 3 years 

 

Hackney, London
2018

£5,000,000

77% LTV

The borrower secured an option over a 0.5 acre site and was required to complete the purchase having obtained planning consent for 52 apartments and commercial accommodation. Reflex provided an acquisition facility that afforded time to clear planning conditions, market and sell the site.

St Albans, Hertfordshire
2018

£780,000
60% LTV

Two year acquisition and planning bridge on a vacant Grade II listed pub where the borrower intended to secure planning consent for residential conversion of the existing buildings and new build houses in the car park.

Fleetwood, Lancashire
2019

£2,000,000
40% LTV

Having commenced development of an 80 bed care home using corporate reserves the developer urgently required additional funds part way through the build in order to complete construction.

Lewisham, London
2019

£682,500
57% LTV

Facility to assist completion on a 0.2 acre site with an expired planning consent for a 46 bed care home. A 12 month planning bridge was provided whilst the developer pursued consent for 20 apartments.

Croydon, London
2019

£707,250
78% LTV

The facility was used to purchase 2 houses in a terrace of 14 (most of which had been previously acquired by the borrower) with the intention of acquiring the remaining houses and seeking planning consent for a new build apartment block.

Epping, Essex
2020

£1,000,000
67% LTV

Facility to acquire a vacant light industrial property on a site of 0.55 acres with planning potential for a residential led scheme of up to 10 houses.

West Sussex & Birmingham
2020

£5,500,000
55% LTV

The borrower secured an option to purchase a vacant nightclub in West Sussex and having secured planning consent for a residential scheme of over 150 apartments required a facility to enable completion. Additional funds were raised and secured upon a 1.75 acre site in Birmingham where a planning application had been submitted for over 300 apartments.

Brentwood, Essex
2021

£4,700,000
67% LTV

The borrower secured an option to purchase a listed country house set in 73 acres of land and obtained planning consent for a residential development of 36 units. The developer was let down by another lender less than one week prior to completion and Reflex stepped in to provide a facility that enabled the developer to complete on time.

Bristol
2021

£6,712,000 & 20% equity participation
71% LTV

Reflex provided a 24 month acquisition facility and planning bridge to assist the borrower to complete the purchase of a multi let retail property and provide time to pursue a major residential led redevelopment of the property. Further funding was provided by way of equity investment into the project.

Midlands
2021

£8,940,000
50% LTV

Facility provided to a UK PLC contractor secured upon 3 unencumbered residential development sites in various stages of development. The facility was split into two tranches; one to release equity to the borrower and the other to complete construction of the development and service interest.

Norwich
2022

£3,727,500
70% LTV

Planning bridge provided to the purchaser of a former Debenhams store with redevelopment potential for student accommodation and leisure uses.