£3m Drawdown Facility to Build Prime Five-Bed Detached Property

A property developer approached Avid Finance to arrange a £3m drawdown facility. They already owned a prime residential site in the South East and were preparing to build a super-prime five-bedroom detached home. The objective was to secure development finance in time to begin construction in the spring.

The developer had a strong asset and liability position but limited experience in delivering high-value UK builds. Our approach was to present the project in a way that clearly demonstrated the overall strength of the proposal — including the quality of the wider development team and the financial backing behind it. This allowed us to address any potential lender concerns around the applicant’s track record early in the process.

The lender approved the facility in a single credit meeting, with the full £3m drawdown facility in place within five weeks. With the funding secured, the developer was able to proceed on schedule and take advantage of improving weather conditions to begin the build without delay.

By focusing on the strengths of the case — rather than the potential obstacles — we were able to anticipate and neutralise any issues that might have slowed things down. Presenting a clear, well-supported proposal made it easy for the lender’s credit team to approve the facility without hesitation.

“I had confidence that Avid would get this done from our first meeting to completion. Any issue that emerged was expected and a plan to offset the issue was already in place.”

If you need fast, reliable funding for a new development or acquisition, speak to Avid Finance today. We’ll help you structure the deal, present it to the right lender, and get things moving without delay.

Contact Avid Finance on 020 3920 6920 and let’s talk about what’s possible.