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Loughton Capital 2020 Ltd

CBILS Development Finance

Established developer Loughton Capital 2020 Ltd had purchased land to develop four 4-bed bungalows on a rural site in Brentwood when the pandemic hit, leaving owner Dean Floyd with no access to funding and an empty site. Dean secured £2.1m of finance through the government-backed Coronavirus Business Interruption Loan Scheme to fund 100% of the building costs.

£2.1m

Amount Lent

18 Months

Loan Term

70%

LTGDV

The loan has kickstarted construction of the semi-rural residential properties with completion set for May 2021, providing family homes within a commutable distance of London city centre.

“Time was running out on the development and panic was setting in, thankfully Lee Francis arrived with his personal approach and speed of service. I can’t sing their praises enough, they are hungry and buoyant in the market, so much so that we are already looking at another couple of deals with them”. 

- Dean Floyd, Owner of Loughton Capital 2020 Ltd