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Magnet Capital Funds Adenfield Way Development
Magnet Capital provided a £250,000 facility to support the construction of two four-bedroom detached bungalows at Adenfield Way in Rhoose, South Wales.
In addition to the initial loan facility, we agreed two separate loan extensions during the project, providing the client with additional flexibility and helping to reduce pressure throughout the build process.
We also facilitated a part redemption, allowing the client to continue the development with confidence, knowing the necessary funding remained in place.
Flexibility was key to the success of this project, and Magnet Capital was able to provide solutions quickly, including loan extensions and part redemptions agreed over the phone.
Both bungalows have now been sold, and the introducing broker simply summed up the experience by saying: "Magnet Delivers."
"Flexibility can make or break projects like this. That's why we pride ourselves on maintaining strong relationships with our clients and providing practical solutions that reduce stress for borrowers, allowing them to focus on delivering the highest possible quality of build."
