Old Hall Barns, Yorkshire
Date: 3rd Dec 2021
Location: Old Hall Barns, Towton, Tadcaster, Yorkshire
- The total loan amount for the development: £2,818,706
The Client Brief
We were approached by a developer who had found it difficult to obtain funding after reaching out to a few investment companies.
The client required 100% funding to convert an 18th Century Model Farm into 9 dwellings over a courtyard. This was a very specialist barn and farm building conversion project, a real rarity. After meeting with us at Salboy Build Partner, the developer became our client. They realised we had full belief in their project and chose us as their best funding option.
Successes
The unique location made sales a tremendous success, with 75% of the properties sold within the first 3 months of construction. Small villages hold tremendous power as far as word of mouth goes, when a reputable developer and an ideal site are being proposed. A key factor for us agreeing to fund this build was its prominent location, with a golf course on its doorstep. We predicted that sales would not be an issue, and we were right.
