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Unique Barn Conversion
Magnet Capital recently assisted a client in completing a distinctive barn conversion project just outside Canterbury.
After being let down by two other lenders, the family-run development business turned to Magnet Capital for support.
Following the successful completion of the project, the client left a five-star review and shared their experience:
"We have been delighted with the whole process of being fully funded by Magnet. A truly professional and super helpful team.
We were desperate to start our fourth family project and had been incredibly let down by other lenders. Magnet stepped in and swiftly put all our concerns and worries to rest.
We would not hesitate to highly recommend them to fund any development. Both Magnet and our project exceeded all expectations. Ashley and Sam were particularly helpful in going the extra mile for us during our build, especially throughout the difficult days of the pandemic."
The development facility was used to fund the full construction costs, as well as contributing towards the initial site acquisition. During the project, two separate loan increases were also agreed and implemented quickly to support the development as it progressed.
The Magnet Capital team were particularly impressed by the determination and resilience shown by the developers throughout what proved to be a very challenging period for the construction industry.
"We always enjoy helping our clients bring unique developments to market. As with many projects during the COVID-19 lockdown, challenges inevitably arose. However, we stood by every one of our schemes and, as a result, the client delivered an exceptional finished product.Their dedication to the project from start to finish was clear to see, and we are delighted with the outcome. We would be very pleased to work with them again on future developments."
