This F&P client develops specialist care homes and has borrowed over £16m in a series of P2P loans since 2014. £15.5m of those loans have now been repaid. With the support of F&P and having established an exceptional reputation amongst lenders, new funding options were identified for this client, and a record-breaking £9m loan has now been arranged as a result.
As a property developer specialising in care homes for those with special needs, each phase of development in previous projects had been funded by a separate P2P loan. Now, having outgrown P2P funding, Rupert Vaughan, F&P Relationship Director, identified a new, accessible funding strategy for this client which has packaged funding for four separate projects into a single, easily managed loan Tapping into the diverse lender network that F&P Director Ivor Freedman has built over many years, the client was introduced to a new capital funding source and the £9m loan was agreed, surveyors reports approved and initial funds drawn down.