Copyright of
Asuccessful developer approached GoDevelop via his broker for 100 per centjoint venture funding to cover the entire
cost of a fantastic new development in Audlem, Cheshire.At Go Develop, property is in our DNA. We
fully understand what SME housebuilders arefacing. We know that profits are often embed-ded in work in progress and that most gooddevelopers often have more schemes andopportunities than funds available.With planning permission in place for the
demolition of an existing bungalow andconstruction of 24 new homes, full fundingcertainty was delivered for this Audlem development, covering everything from landand build to stamp duty and soft costs – no fees or deductions.This exciting residential scheme consists of
seven affordable homes and 17 open markethomes with a good mix of sizes; 10 x 3 bedroomhouses, 10 x 4 bedroom houses and 4 x 5bedroom houses. Each home is built to exactingand uncompromising standards and offeroutstanding value. The generous living areas,high-quality specification and beautifulpanoramic views provide the perfect area foryoung couples and families, right in the heart of Cheshire.The developer was impressed with our
professional approach, speed of funding andthe benefits offered from of a great long-termstrategic partnership. When during construc-tion, poor ground conditions and adverseweather caused some delays and budget
revision, we were flexible, as the developerexplains…“Go Develop won’t abandon a project half
way down the road, they are driven to makethings happen and supported our project fromend-to-end. Not only did they provide fundingbut they also took on the admin and provideda whole range of services to help us reach our goal.”There is a whole team of dedicated and
experienced property experts from accountingand legals to marketing and sales to draw on atGo Develop. All the strain and drain of VATreturns and administration are removed allowing the developer to get on with what they do best. The criteria is kept simple: full planning
permission needs to be in place, with a projectthat’s up to 24 months duration and a GDVbetween £2-£15million. It should involve amulti-unit residential new build or conversionand of course if the developer has some experience that’s a great advantage. There alsoneeds to be a margin of 25 per cent on GDV pre-finance.In the Audlem scheme, a new ‘SPV’ was set up
the same day for the developer, to hold theproject until it was finished and sold, and aprofit share contract was created for bothparties. £5,831,973 was provided over 20months and on completion and sale of theproperty the profit has been divided with thedeveloper getting the lion’s share. It’s the startof many projects together. We pride ourselves on being easy to do
business with and our 92 per cent rate of returning partners is testament to that. We also believe in rewarding our brokers and introducers with some of the best introductoryfees in the Industry. Why not take a look at aselection of case studies on go-develop.co.uk –with over 1,100 units under construction, you’llbe spoilt for choice.
020 8974 4705 [email protected]
Experienced developer partners with Go Develop to deliver a stunning new 24 home development
The site – 100 per cent of land, build, stamp duty andproject costs covered
Midway through construction – Whole team ofdedicated property experts to support you every stepof the way.
HOUSEBUILDER& DEVELOPER
DPS Proof Form_cpbp_flatplan 02/01/2019 11:57 Page 1
