Goldentree has funded potential development sites, including a petrol station, a church, a hotel (pictured above) and a car sales pitch.
The development finance lender recently increased the maximum term and site size as it refreshed its funding range.
- Development lender expands management team
- Goldentree names new BDM
- Development lender increases maximum term and site size
Goldentree has provided funding for a petrol station development site
The lender also announced the introduction of its own mezzanine product as it is keen to provide more flexibility to allow builders to get on site and build.
“Goldentree is one of the most flexible funders around and our substantial private cash resources give us the flexibility to look at unusual deals,” said Steve Marsh, managing director of Goldentree.
“Additionally, our own experience as developers in our own right means we can take a commercial view on all deals rather than relying on a strict LTV and valuation approach.”
Established in 2001, Goldentree lends its own cash on a secured basis and is funded by private capital with the principal shareholder being Fred Done of Betfred.