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Magnet Capital Funds Transformation of Unused Orchard into a Delightful New Three-Bedroom Detached House
Magnet Capital were approached by Suffolk developer, Roger Greenacre, who owned an old orchard that presented an ideal opportunity for a new-build project. Having been turned down for funding by banks and building societies, Roger approached Magnet Capital. After reviewing the plans and meeting the build team, we were delighted to support the development.
The vision became a reality, resulting in a stunning three-bedroom bungalow featuring retained beams, bespoke fireplaces, and beautifully landscaped gardens.
"As a specialist development finance lender, we could quickly see what Roger and his team were trying to achieve and therefore had no hesitation in working with him on this stunning development.At Magnet Capital, we build personal relationships with all our clients, and I personally visited the site twice to see the progress being made. So when Roger approached us for additional funding to deal with increased building costs, we were able to assist quickly."
Sam Howard
CEO of Magnet Capital
"Throughout the entire process, Magnet Capital provided an excellent service and great support in what has been a difficult two years in the property building business, with material costs literally going through the roof — apologies for the pun!Following assessments by their surveyor, stage payments were made immediately, and I was very grateful for an increase in the loan facility towards the end of the project, ensuring we could meet escalating costs.Magnet Capital kept in regular contact with me, and I felt that the trust we built working together was key to enabling the successful outcome of the project."
