Development Exit Finance for a Partially Sold Residential Scheme
We recently completed a development exit finance solution for a high-net-worth client, supporting a residential scheme of 21 units, with 14 units sold at the point of completion. The transaction followed a breakdown in a development partnership and increasing pressure from the existing lender, including tight deadlines and multiple structural challenges.
The client required a dependable exit facility to stabilise the project, protect capital already invested, and maintain control during a critical phase of the development. With valuation sensitivity and lender time pressure, this was a transaction where discretion, experience, and decisive execution were essential.
We successfully secured £1.7 million of development exit finance, based on a slightly adjusted valuation of £2.6 million. This enabled the client to refinance the existing facility, remove immediate lender pressure, and move forward with clarity, flexibility, and long-term planning.
This deal would not have completed without the exceptional work of Melissa Tallon at Lightfoot, whose dedication, commercial awareness, and problem-solving approach were outstanding throughout. Her role was fundamental in navigating the legal complexities and keeping momentum on a challenging transaction.
We would also like to thank Ross Williams for providing his superb expertise and trusted support. His contribution was invaluable, and his relationship is one we value immensely.
This case demonstrates how development exit finance can be a powerful solution for high-net-worth individuals and experienced developers facing lender pressure, partnership changes, and tight deadlines on partially sold schemes.
