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.
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.