Case Studies

Case Study 1

Client: Mr Mascall
Site purchase: £90,000
Build Cost: £130,000
GDV: £360,000
Initial profit: £150,000 on the development
Buy to Letmortgages raised total £270,000
Monthly repayment £800 pcm
Rental Value: £1,580 pcm
Monthly gross income: £780 pcm

Mr Mascall applied to Able2Bridge for funding for the development site with full planning permission. We were please to secure funding of £65,000 against the initial purchase and 100% of development finance.
Able2bridge were able to assist with the planning and construction of the site through one of their associated companies. Construction was completed with full warranties approved by CML (Council Mortgage Lenders) within the schedule agreement.
Through one of their independentfinancial advisors they secured buy to let mortgages on the properties on completion enabling us to repay the original funding reducing the interest payables.
“I highly recommend Able2Bridge for the services they offered. They listen and understood every aspect of the project. With their knowledge of both finance and construction they were an excellent partner to have on board, taking a lot of pressure off and making sure that everything was kept tightly under control.

Case Study 2

Client: Mr Reese
Site purchase: £300,000 100% funded by one of their private investors. secured 100% development funding enabling us to start this project immediately on purchase.
This enables us to maximising our profit margin after legals and sales fees. Netting us a gross return of over £500,000 on this development.
Build Cost £320,000
GDV: 1.25 Million
Initial profit: £ 630,000 on the development

Able2Bridge assisted in the purchase of a site in South London, the site originally consider of planning for two three bedroom properties.
With the assistance of their associated planning department they were able to uplift the planning consent increasing the GDV of the site by £120,000.
“A facility was raised by Able2Bridge for the phased renovation of the property.Able2Bridge also liaised with all local planners as well as building control and local conservation to ensure that all improvements were completed in a timely and correct fashion, maximising the profit capability for the finished development. They took the pressure off and kept us informed at every step as to what was happening. We felt very comfortable with Able2Bridge and would always go back to them again with any further projects”.