FRP Real Estate Advisory secures almost £1.5m across three deals

FRP Real Estate Advisory has completed three financing facilities totalling close to £1.5m.

The deals span land bridging, a secured revolving credit facility and development-linked bridging finance.

In each case, the asset or timeline sat outside what a mainstream lender would typically support, from lending on purchase price to funding works without the need for formal oversight.

The cases were led by Sam Beaumont, finance advisor at FRP Real Estate Advisory (pictured above).

The first deal was a £163,911 land bridge against a vacant industrial unit, completed at 40% LTV over 12 months.

It was completed in three and a half weeks by lending on purchase price with no formal valuation.

For the second deal, FRP delivered a £967,000 second-charge revolving credit facility against the borrower’s primary residence, raising a further 40% on top of existing borrowing of around 30% LTV.

Finally, the company secured a £357,500 bridging facility against a vacant industrial unit in Wales, funding around £120,000 of works. The deal was completed at 65% LTV in two weeks with no debenture required.

Sam commented: “Investors are increasingly behaving like developers, and the finance has to keep up.

“In each of these cases the client had a clear plan, but with an asset or a timeline that did not fit a high-street template.

“Our job was to find lenders who could look past the standard checklist and move at the pace the opportunity demanded.

“Whether that meant lending on purchase price, releasing equity from a home or funding works without heavy oversight, the principle was the same: back the borrower’s strategy and take the friction out.”