Phillip used the funds towards the development costs, having previously owned the site.
Phillip commented, “I have been building for many years and was looking for finance for a development of 3 large houses in Moreton Morrell in Warwickshire. Having previously used main line banks for property finance, I found they were unwilling to lend development finance for this project at this time. I approached Magnet Capital and was very pleased to be accepted for finance by them. I found the company very approachable and friendly and their expertise in the property market was extensive.
The loan was agreed and arranged without fuss and we were able to access the funds within weeks of our initial approach. Sam, Debra and the whole team are great to deal with and are at the end of the phone for advice and assistance if required.
The whole process is straight forward and I would recommend Magnet Capital to property developers who need finance. I am already in the process of formulating the finance for my next project with Magnet Capital being my first port of call for financial support.”
Ashley Ilsen, CEO of Magnet Capital,
“This truly was a stunning project and Magnet Capital were delighted to have been the funding partner. This is an example where we were able to add value given our vast property development expertise. We can’t wait to work with Phillip on the next one.”