£705k Part Complete Development– Staffordshire
The borrower had begun the conversion of a Dutch Barn into two large four-bedroom homes. The site had progressed well — structure up, glazing in, and first fix underway — but further work had stalled due to a lack of funding.
Overview
The borrower had begun the conversion of a Dutch Barn into two large four-bedroom homes. The site had progressed well — structure up, glazing in, and first fix underway — but further work had stalled due to a lack of funding.
They approached Acre Lane Capital seeking a combined solution: refinance the existing regulated loan and secure capital to finish the build.
The Challenge
The borrower was facing:
◽️ An approaching deadline on a regulated bridging facility
◽️ A stalled development due to capital shortfall
◽️ No access to traditional development finance mid-project
◽️ A need for sufficient time post-completion to sell strategically
They required a facility that could handle both refinance and remaining build costs — and buy them time to sell in the open market at full value.
Our Solution
Acre Lane Capital structured a 12-month heavy refurbishment loan designed to support the final delivery phase of the project:
◽️ £705,000 total facility
◽️ £267,000 initial drawdown to refinance existing debt
◽️ £366,764 drawdown facility for remaining build costs (plus contingency)
◽️ 60% LTV | 83% LTC
◽️ Rolled-up interest to maturity
◽️ Flexible exit terms with no early repayment pressure
The Outcome
✔ Existing debt refinanced and secured against the development site
✔ Project re-mobilised with a full drawdown facility in place
✔ Borrower empowered to complete at pace and quality
✔ 12-month term allows a thoughtful sales campaign post-completion
Why This Matters
This case shows how we can support part-complete projects where momentum has been lost. With the right structure and flexibility, we help experienced developers and trusts turn stalled potential into completed value — on their terms.