£1.7m Development Exit Bridge for Woodland Mews, West Midlands
Funding wise secured a £1.7m development exit bridge at 75% LTV for the Woodland MEws development in the West Midlands, releasing capital for new site acquisition via stepped rates with a 4-week completion.
- Loan type: Development exit bridge
- Loan amount: £1,700,000
- Lender: Private/bridging lender
- Units: 3 new-build bungalows + 1 refurbished detached dwelling
- Location: West Midlands
- LTV achieved: 75%
The Project
At the end of last year, FundingWise was approached by a client who had just completed a small but complex residential scheme in the West Midlands: three new-build bungalows alongside the refurbishment and extension of a 4,000 sq ft detached property.
The client needed a short-term development exit bridge to give additional sales time while also releasing capital to fund the acquisition of a new site and begin preliminary works on another.
The Scheme
The client faced several constraints:
- Partial sales had already occurred, creating tight timing pressure
- Needed the lowest possible interest rates while maximising leverage
- The development loan was coming to term in a very short timeframe
The client needed a lender who could act fast, offer competitive rates, and provide sufficient capital to maintain momentum across their portfolio.
At the same time, the development loan was approaching term, and the market remained volatile—meaning delays or high interest costs could erode profitability.
The Funding
The bridge facility was structured to achieve a 75% LTV, giving the client access to the funds they needed to continue growth without compromising returns.
The chosen lender offered a stepped interest rate, starting at 0.65% for the first six months to capitalise on early sales, before moving to a slightly higher rate for the remainder of the term.
The Solution
Funding Wise leveraged its relationships with fast-acting bridging lenders to secure the right solution. This allowed the client to minimise interest costs while maintaining maximum flexibility.
From instruction to funding, the deal was completed in under four weeks, demonstrating FundingWise’s ability to act quickly under pressure.
The Result
With funding in place, the client was able to:
- Extend sales time on the newly developed units without pressure
- Release capital to fund a new development site and begin preliminary works elsewhere
- Benefit from a flexible, cost-efficient finance structure that matched market timing
The Woodland Mews bridge exemplifies FundingWise’s ability to deliver bespoke, fast-moving finance solutions for developers, balancing strategic capital release, risk management, and opportunity maximisation.
£1.7m
development funding secured
75%
Loan to value
4
weeks to completion
3
new builds + 1 refurbishment completed
