£6.7M Self Build Bridging Loan Supports Construction Of Bespoke Country Home

A £6.7M self build bridging loan enabled a private client to continue construction of a bespoke country home after a change to the project's funding arrangements created a temporary capital gap.

Key Details:

• Client: Private client undertaking a bespoke self build
• Challenge: Maintain construction progress while revised long-term funding arrangements were being finalised
• Loan Amount: £6.7M

The Challenge

The client was developing a substantial new-build residence on a privately owned plot in the English countryside. Construction was already underway when changes to the client's wider financing arrangements created a short-term funding requirement.

Pausing the project would have created additional costs and disrupted the construction programme, so the client required temporary finance while the longer-term funding structure was reviewed.

The Bridging Solution

Global Bridging Finance arranged a £6.7M self build bridging loan, secured against the development property and additional assets.

The lender assessed the value of the site and partially completed property, the construction plans, remaining works and the client's proposed exit strategy.

The facility provided funding to maintain progress while the revised long-term arrangements were being completed.

The Exit Strategy

The primary exit was a long-term private banking facility once the property had reached the required stage of completion.

A secondary exit involved the potential sale of another property held by the client if required.

The Outcome

The self build bridging loan allowed construction to continue without requiring the project to be paused while permanent funding was being arranged.

The case demonstrates how specialist bridging finance can help provide temporary funding during a self build project when the timing of construction expenditure and longer-term finance do not align.