Earlier this year we provided a tailored development facility to Waterbeach Property Company Ltd a new MSP client looking to deliver a luxury development in Treyarnon Bay a highly sought-after Cornwall coastal location.
The experienced developer plans to transform the former kitchen garden of the defunct Waterbeach Hotel into three high specification luxury detached properties. Each property boasts panoramic sea views and is located close to the popular fishing town of Padstow.
A main contractor has been employed to undertake the work, with an experienced project manager overseeing the site delivery. It is anticipated the project will be completed to a very high standard and in a timely manner.
A tailored solution to best fit the client’s needs
Using our Ground-up Development Loan, our team of experts were able to adapt the finance structure to provide the most supportive package to this valued client.
The 18-month loan of £5.3m will be used to assist the client with the build costs associated with Phase 2 of the development site which Waterbeach Property Company Ltd already owned.
At MSP Capital our core philosophies are to build strong and lasting relationships with our clients, use our expertise to assess challenges from a developer’s perspective and provide our clients the support they need to move forward quickly and decisively with a project.
Working with MSP has been a breath of fresh air. Their overall approach is one of swift, short decisions. It is complimented by their understanding of the development process and the needs of the developer. This sets them apart from the normal stodge of today’s banks.
Waterbeach Property Company Ltd
