{"id":1154,"date":"2022-12-09T13:12:04","date_gmt":"2022-12-09T13:12:04","guid":{"rendered":"https:\/\/mackenziebyrne.co.uk\/?p=1154"},"modified":"2022-12-09T13:14:15","modified_gmt":"2022-12-09T13:14:15","slug":"mackenzie-byrne-and-invest-and-fund-complete-2m-loan-for-kent-housing-scheme","status":"publish","type":"post","link":"https:\/\/mackenziebyrne.co.uk\/?p=1154","title":{"rendered":"Mackenzie Byrne and Invest and Fund complete \u00a32m loan for Kent housing scheme"},"content":{"rendered":"<p><strong>Mackenzie Byrne and Invest and Fund complete \u00a32m loan for Kent housing scheme<\/strong><\/p>\n<p>Finance brokers Mackenzie Byrne and lender Invest and Fund have completed a \u00a32.07m\u00a0<a href=\"https:\/\/bridgingloandirectory.co.uk\/guides\/what-is-a-development-loan\/\">development finance loan<\/a>\u00a0for a 9-house residential scheme in Kent.<\/p>\n<p>Aspire Designer Homes is developing the scheme near Rochester, where there is a need for new family homes. The 65% loan LTGDV facility will fund the developer\u2019s build costs in full, as well as a portion of the land costs.<\/p>\n<p>The deal came about after a mutual contact introduced Aspire to Mackenzie Byrne last year. Invest and Fund, who had already completed a deal with Mackenzie Byrne, were enthused by the scheme, offering Aspire the loan at a 6.75%\u00a0<a href=\"https:\/\/bridgingloandirectory.co.uk\/guides\/bridging-loan-interest-rates\/\">interest rate<\/a>\u00a0(over Bank of England base rate).<\/p>\n<p>Neil Richardson, Business Development Director at Invest and Fund, said:<\/p>\n<p>\u2018It\u2019s always a pleasure working with Mackenzie Byrne on a project, the strong client engagement they develop assists greatly at each stage of a lending proposal from application right through to drawdown.\u2019<\/p>\n<p>Chris Wills, Managing Director at Aspire, said:<\/p>\n<p>\u2018Although collectively Aspire has a wealth and proven track record of experience, it was invaluable having Mackenzie Byrne on board to promote us to prospective funders, including having the benefit of their in-house experience advising on matters such as company structure to add value to the process beyond just the numbers.\u2019<\/p>\n<p>Joshua O\u2019Leary, Director of Development and Structured Finance at Mackenzie Byrne, said:<\/p>\n<p>\u2018It\u2019s been nearly a year since we first met the Aspire Designer Homes Directors and we\u2019ve been working closely together throughout that time.<\/p>\n<p>Getting the first deal done can be tough but Aspire MD Chris Wills\u2019 meticulous attention to detail made the process smooth.<\/p>\n<p>This is the second deal we\u2019ve completed with Invest and Fund and I continue to be impressed by their service. Neil Richardson worked hard to overcome obstacles and kept us in the loop throughout.<\/p>\n<p>I\u2019ve no doubt there will be more deals for us to do with both Aspire and Invest and Fund in the near future.\u2019<\/p>\n<p><em>Published in The Bridging Loan Directory, 18th July 2022<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mackenzie Byrne and Invest and Fund complete \u00a32m loan for Kent housing scheme Finance brokers Mackenzie Byrne and lender Invest and Fund have completed a \u00a32.07m\u00a0development finance loan\u00a0for a 9-house residential scheme in Kent. Aspire Designer Homes is developing the scheme near Rochester, where there is a need for new family homes. The 65% loan [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1068,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mackenzie Byrne and Invest and Fund Complete \u00a32m Loan<\/title>\n<meta name=\"description\" content=\"Mackenzie Byrne and Invest and Fund have agreed a development finance loan for nine new family homes in Kent.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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