12 March 2018
SPF Private Clients assists Mulbury City with funding of 108 luxury apartments in heart of Manchester
SPF Private Clients (SPF) has successfully secured funding for Mulbury City (Mulbury Homes), the developer behind the canal-side Excelsior Works scheme in Manchester, with a gross development value in excess of £30millon.
Using its expertise and established reputation in the market, SPF was able to obtain funding on highly competitive terms for Mulbury Homes’ latest scheme. SPF’s Manchester team managed the transaction from start to finish, structuring the initial deal with the lender and seeing it through the legal process.
Utilising bank funding was a relatively new experience for Mulbury Homes but the specialist brokerage service offered by SPF proved invaluable.
Greg Mulligan, co-founder of Mulbury Homes, said: ‘’The wealth of knowledge and expertise of Russell and his team at SPF were major factors in achieving the right funding for this scheme. Their key lender contacts were crucial in obtaining bespoke terms for us, which we could not otherwise have achieved.’
Russell Hall, director of SPF, said: ‘This is another success story for the team. Using our in-depth knowledge, we structured funding which suited the client’s requirements, timescales and aspirations. This has opened up further opportunities for Mulbury Homes to fund other schemes in the future.’
All units will be sold on the open market to buyers in the UK and from overseas.
For further information please contact Russell Hall on 07968 553 380.