Real Projects, Real Results

Development Finance Case Studies

Name: Barnet Development Finance
Address: Barnet, London, GB
Telephone: 0800 123 4567
Price range: $$

See how we have helped property developers across Barnet secure the right finance for their projects. From first-time developers to experienced operators, these case studies demonstrate our approach and the outcomes we deliver.

£12.15M

Total Funded

Units Delivered

67%

Average LTC

100%

Completion Rate

Conversion

Finchley, N36 units

Victorian House Conversion to 6 Luxury Apartments

A large detached Victorian property on Ballards Lane was converted into six high-specification apartments. The developer, with three previous schemes completed, secured competitive terms through our panel. Planning consent had been granted for the conversion from a single dwelling to six self-contained flats, retaining key period features including original cornicing, ceiling roses, and the main staircase.

Facility

£1,200,000

LTC

68%

GDV

£1,950,000

Term

14 months

Rate

0.70% pm

Units

The Challenge

The main challenge was the conservation area location, which required sensitive external treatment and limited scope for roof alterations. Several lenders declined due to the heritage constraints.

Our Solution

We identified a specialist lender experienced in conservation area projects who understood the value proposition. The facility was structured with staged drawdowns aligned to the build programme, allowing the developer to manage cash flow efficiently.

The Outcome

All six apartments sold within three months of completion, achieving a blended price 8% above the original GDV estimate. The developer has since returned for finance on two further Barnet projects.

New Build

Colindale, NW912 units

12-Unit New Build Apartment Scheme

A purpose-built development of 12 apartments across four storeys in the heart of Colindale's regeneration zone. The scheme comprised a mix of one, two, and three-bedroom apartments designed to appeal to the growing young professional market in the area. Full planning permission had been secured following a successful pre-application engagement with Barnet Council.

Facility

£3,500,000

LTC

70%

GDV

£5,800,000

Term

18 months

Rate

0.65% pm

Units

The Challenge

The developer required a higher leverage facility to preserve capital for a concurrent project. Standard 65% LTC facilities would have left a funding gap that would delay the start on site.

Our Solution

We structured a 70% LTC senior facility combined with a recommendation for phased equity release as early units achieved sales. The lender's appetite was strong given the regeneration area designation and the improving comparable evidence in Colindale.

The Outcome

The development completed on programme and within budget. Off-plan sales of four units during construction reduced the developer's risk exposure, and all remaining units sold within five months of practical completion.

Conversion

Hendon, NW48 units

Office-to-Residential Conversion Under Permitted Development

A former office building on The Burroughs was converted into eight contemporary apartments using permitted development rights. The prior approval route significantly reduced the planning timeline and risk, allowing the developer to move quickly from acquisition to construction. The scheme was designed to appeal to Middlesex University staff and students, as well as young professionals.

Facility

£1,800,000

LTC

65%

GDV

£3,100,000

Term

12 months

Rate

0.68% pm

Units

The Challenge

The building required substantial structural works including a new roof and complete internal reconfiguration. The extent of the works pushed costs higher than initially estimated, requiring a facility increase during the project.

Our Solution

We arranged the initial facility with a lender who offered flexibility for cost overrun scenarios. When additional funds were needed, we negotiated a facility increase within two weeks, avoiding any delay to the construction programme. The lender's QS worked collaboratively with the developer's team to agree revised milestone payments.

The Outcome

Despite the cost increase, the scheme remained profitable due to strong end values in the Hendon market. Five units were pre-sold before completion, and the remaining three sold within six weeks. The developer achieved a 22% profit on cost.

Demolish and Rebuild Premium Family Home - Barnet development finance case study

New Build

Totteridge, N201 unit

Demolish and Rebuild Premium Family Home

A dated 1960s detached house on a generous plot in Totteridge was demolished and replaced with a contemporary six-bedroom family home with basement, swimming pool, and landscaped gardens. The scheme required planning consent for demolition and replacement, which was granted following detailed pre-application discussions with Barnet's planning team.

Facility

£2,200,000

LTC

60%

GDV

£4,500,000

Term

16 months

Rate

0.72% pm

Units

The Challenge

Single-unit premium developments carry higher risk due to the concentrated sales exposure. Several lenders declined due to the scheme's reliance on a single high-value sale in a niche market segment.

Our Solution

We identified a specialist lender experienced in the super-prime residential market who understood Totteridge's buyer profile. The facility was structured at a conservative 60% LTC but with a generous GDV assessment reflecting the area's premium values. Staged drawdowns were tied to specific construction milestones verified by an independent QS.

The Outcome

The completed home attracted strong interest from multiple buyers and achieved a sale price of £4.75M — exceeding the original GDV estimate by over 5%. The developer's return on equity was exceptional, and they are now planning a second Totteridge project.

Mixed-Use

Edgware, HA810 units

Mixed-Use Development with Ground Floor Retail

A former retail unit on Station Road was redeveloped into a mixed-use scheme comprising a ground-floor commercial unit and nine residential apartments above. The development contributed to Edgware's town centre regeneration and was supported by Barnet Council's planning policies for mixed-use intensification in Major Centres.

Facility

£2,800,000

LTC

67%

GDV

£4,200,000

Term

20 months

Rate

0.69% pm

Units

The Challenge

Mixed-use developments can be more complex to fund, as lenders need to assess both the residential and commercial elements. The commercial unit's value and lettability needed to be evidenced to the lender's satisfaction.

Our Solution

We presented the scheme to lenders with strong appetite for mixed-use projects in regeneration areas. Pre-letting interest in the commercial unit from a local business provided the lender with confidence in the commercial element's viability. The facility was structured to account for the different completion timelines of residential and commercial elements.

The Outcome

The residential units sold well, achieving values in line with GDV projections. The commercial unit was let to a local café on a 10-year lease prior to practical completion. The developer retained the commercial unit as a long-term investment, refinancing it onto a commercial mortgage.

Bungalow Replacement with Two Semi-Detached Houses - Barnet development finance case study

New Build

East Barnet, EN42 units

Bungalow Replacement with Two Semi-Detached Houses

A first-time developer purchased a bungalow on a corner plot in East Barnet and obtained planning permission to demolish it and build two semi-detached family houses. The scheme represented an excellent entry point for a new developer, with manageable scale and clear market demand for family homes in the EN4 postcode.

Facility

£650,000

LTC

70%

GDV

£1,150,000

Term

10 months

Rate

0.75% pm

Units

The Challenge

As a first-time developer, the applicant faced limited lender options and higher rates. The developer had relevant construction industry experience but no completed residential schemes to demonstrate a track record.

Our Solution

We identified lenders on our panel who support first-time developers, particularly those with relevant professional experience. By presenting the developer's construction management background and a detailed project plan prepared with their architect and QS, we secured a competitive facility at 70% LTC — the same leverage typically available to experienced developers.

The Outcome

The scheme completed on time and within budget. Both houses sold quickly to local families, achieving a combined GDV that exceeded projections by 4%. The developer has now completed a second scheme and is seeking finance for their third project through us.

Your Project Could Be Next

Whether you are an experienced developer or planning your first project, we can find the right development finance solution for your Barnet scheme.

Get a Free Quote Call 0800 123 4567