Barn conversion funded by Magnet Capital

Published by Magnet Capital -

After being let down by two other lenders in the market, the family run development business left a 5-star review of their experience with Magnet Capital and commented:

“We have been delighted with the whole process of being fully funded by Magnet. A truly professional and super helpful team. We were desperate to start our 4th family project and had been incredibly let down by other lenders. Magnet stepped in and swiftly put all our concerns and worries to rest. We would not hesitate to highly recommend them to fund any development. Both Magnet, and our project have exceeded all expectations! Ashley and Sam were particularly helpful in going the extra mile for us during our build, especially all through the doom and gloomy days mid pandemic!”

The borrower’s facility was utilised for the total cost of construction and as a contribution towards the initial site acquisition price. There were also two loan increases agreed quickly during the life of the loan. The Magnet Capital team were extremely impressed by the resilience that the developers showed throughout some very testing times. Ashley Ilsen, Magnet Capital CEO commented:

“We always enjoy helping our clients bring something unique to the market. As with many developers, problems occurred during the Covid-19 lockdown. However, we backed every single one of our schemes and as a result the clients produced an impressive end product. Our borrower showed us their unrelenting dedication to the project from start to finish. We are really pleased with how the scheme progressed and would be delighted to work with the client again on their next project.”