Finance not a barrier

Securing the funding for development is “not an issue,” according to Stephen O’Brien, md of Wolsey, specialist lender of finance to housebuilders. “It is a matter of an experienced eye recognising the potential of what’s before them. If the housebuilder can demonstrate a sound proposal and level of delivery expertise, Wolsey will fund it.”

The Riverside scheme, Hereford, (pictured) is a prime example, explains Wolsey: “Initial bank enquires for development finance drew a blank, but on approaching Wolsey the proposal’s potential could be appreciated, and from that moment the funding could be secured,” O’Brien said. Now the scheme is nearing completion, with almost half of the 18 apartments occupied. The finished building is “striking in design,” says Wolsey, rising on an elevated podium above the River Wye.

www.wolsey.net 

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