The developer had embarked on an ambitious scheme to develop 14 ground-up homes using sustainable technology and innovative living techniques. After securing planning for the development, the initial lender pulled out of the transaction as they were uncomfortable supporting new building techniques.
Azurian Capitals property team were called in to understand the developers’ needs and what his proposed journey would be and how the properties would be valued and ultimately marketed to the public. After carrying out full economic due diligence on the proposal, Azurian Capital arranged lending from sustainable impact investing fund in London. The fund released funds within 1 week and worked with the developer to completion to ensure the project met its sustainability criteria.