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Linell Homes Ltd

CBILS Development Finance

When the nationwide lockdown put a pause on Linell Homes Ltd’s development of 10 residential dwellings close to Wakefield City Centre, David Linell secured £2.1m of funding through the government-backed Coronavirus Business Interruption Loan Scheme to improve cashflow and kickstart the building phase of the project.

£2.1m

Amount Lent

18 Months

Loan Term

70%

LTV

The funding has ensured that the development is now on track to complete in 12 months, providing much needed and high-specification new build family homes in the area.

“They have done some incredible work to get this deal over the line, Rebecca has kept in contact throughout lockdown to secure funding for the development portion of the project.” 

- David Linell, Owner of Linell Homes Ltd