Sparking the debate at LandlordZONE
Balancing Financial Viability with Social Responsibility
Commercial Acceptances lends to ‘View From My Window’ enabling the next generation of developers
Commercial Acceptances (CA), one of the UK’s leading providers of short-term property bridging finance, and part of the FTSE 250 Close Brothers Group plc, has agreed funding to Lorraine Thomas and her company View From My Window (VFMW) to assist a collective of young developers with their maiden residential development project – a dilapidated four bedroom property in Croydon, South London. ….read full lender article
The loan of £325,000, including a £50,000 build fund was agreed with CA’s existing client, Lorraine Thomas acting as joint borrower and guarantor. It enabled the young developers (Shelley Ann-Meade, Melvin Appleford, and Rochelle Cox) to begin their first project with VFMW, who renovate and restore existing properties, before selling or renting them on the private market
Help to Buy -v- Shared Ownership
PM hails ‘end of hibernation’ but what does this mean for a crippled property market?
