The development, which is projected to complete this year, comprises a three-storey apartment block delivering nine executive two-bedroom apartments, complete with associated parking, landscaping and cycle storage.
DCI structured the facility as a development exit loan, refinancing the borrower’s existing development finance and providing additional time to complete unit sales at optimum value.
DCI ensured a transition from development funding to exit finance, allowing the borrower to maintain momentum without disruption.
Michael Clifford, commercial director at DCI, commented: “This project highlights the importance of having the right funding partner in place at every stage of a development.
“By providing a structured exit facility, we enabled the borrower to refinance their existing loan and focus on achieving the best possible outcomes from the sales process.
“Our ability to move quickly and deliver a flexible solution ensured continuity for the client, while supporting the successful delivery of a high-quality residential scheme in a prime Wirral location.”
Eric O’Connor, director at Blue Sky, added: “DCI has been truly effective in providing a bespoke exit finance solution for this prestigious apartment development.
“Their levels of communication, attentiveness, speed and efficiency led to a seamless transition, enabling us to focus on other day-to-day matters with complete peace of mind.”
Leave a comment