Project Overview 

The project involves refurbishment of the existing dwelling, including a complete internal refit and minor external landscaping enhancements.

Project financials:
▪ Property purchase costs: £170,000 
▪ Development costs: £110,300
▪ Upfront costs: £19,339 (purcase costs)
 
Experience in Project Management & Property
James has a background in financial advice and will take the lead on the project financials. His son, Matthew, will serve as the project manager for the development. Matthew has extensive experience in construction, having worked as a project manager for the past 7–8 years, as well as holding roles as a project planner. He has managed projects ranging from £10,000 to approximately £60 million, covering a variety of sectors including Civils, Mechanical and Electrical, and large external façade and fit-out schemes. During this time, he has overseen the commercial aspects of projects and developed extensive contacts within the construction industry.

 
Unregulated Property Loan Financials
- Looking for a loan of £85,000
- 18 months term
- 15% Interest PCA


Security 
2nd charge on development 

Exit and Repayment Plan 
The properties will be advertised on the open market once development commences. The aim is to sell the properties and use the proceeds to repay the property loan.

Sourced reference: 826249343233191