Overview
Silver Oak Capital arranged a £1 million revolving credit facility for a housebuilder and developer, secured against a private residence in the Cotswolds valued at £2 million. The client required a flexible source of equity release to support ongoing development activity, allowing funds to be drawn and repaid as project cash flow demanded, rather than being locked into a single-drawdown loan.
Challenges
This transaction carried two core complexities:
- Timing was tight, with the client needing funds in place at pace to keep development activity moving.
- The facility itself required a bespoke structure, a revolving credit line rather than a conventional term loan, giving the borrower the ability to drawdown and repay flexibly as funding needs arose across his development portfolio.
Solution Silver Oak Capital went to market to identify a lender comfortable both with the pace required and with structuring a revolving facility secured against a residential asset — a solution outside the scope of standard bridging or term lending. We managed the process end-to-end, from structuring through to completion, ensuring the facility met the client’s need for ongoing flexibility rather than a one-off drawdown.
The facility was completed within five weeks of instruction, at 50% LTV, on a 12-month term with the option to extend for a further 12 months at a cost of 1.00%.
Outcome
The client secured a flexible, revolving source of equity release against his residence, giving him the ability to fund his development activity as and when required, without the constraints of a conventional facility. This transaction highlights Silver Oak Capital’s ability to deliver bespoke, structurally complex solutions at pace, tailored to the practical realities of how developer clients actually deploy capital.
Please do not hesitate to get in touch should you wish to discuss this transaction or any current financing requirements.
