9Y Capital Limited

We recently completed a loan for a developer client who plans to build 6 new homes in Chipping Norton. We put a bespoke loan structure together to maximise day one funding for site acquisition and also advanced funds to assist with VAT on purchase. This looks like a great scheme in a fantastic location and we’re very much looking forward to working with the client on this build! Thanks to Laura Brown & Steve Clinning at Memery Crystal and also to Richard Barnard at John Rowan and Partners.

We’re thrilled to share a case study of an interesting bridging loan that we have recently completed, alongside some fantastic feedback from the client as well as Daniel O'Neil from SPF Private Clients. This case is a great example of how even complex transactions can be completed quickly when everyone is committed and working in the right direction. Thanks to Daniel O'Neil and also to Colleen Murphy and the team at Fieldfisher for their hard work on this one!

We’ve been busy working on some interesting cases and thought we’d share some details about a recent loan where we assisted a client with an urgent acquisition under auction timescales. They intended to refurbish and convert the property for use as a high quality, 6-bedroom HMO. The client was fairly new to HMOs, but the project was well-planned, they were nearing the final stages of another similar conversion project and also had a strong net worth position.

Stephen Johnson caught up with Bridging & Commercial’s Elliot Topham this week to talk about 9Y Capital and how tougher markets can present great opportunities for lenders who have the right approach and seek to continue supporting good quality clients even in uncertain times. https://lnkd.in/ey7MZ436

@9YCapital we are always looking for ways to streamline the process for our brokers and their clients, which is why we have made all of our application documentation digital. We have a dedicated application page on our website with access to all of the documents you and your client need as well as some helpful instructions. Not only can these digital forms can be completed on PCs & smartphones but they can also be completed in sections by multiple applicants (and their broker) and sent onto other applicants to complete their details easily Our Credit Manager Ed Drew has also put together a video walkthrough of the digital application form. https://lnkd.in/ehEzw4F2

We’re delighted to share that we have been shortlisted under the ‘Best Bridging Newcomer’ category for the 2024 Bridging & Commercial Awards. The category shines a light on lenders who are able to add value and think differently to other lenders in the market, supporting the evolution of the industry.   Thanks to those who nominated us!

Our Credit Manager, Edward Drew, has put together a helpful breakdown of the information usually needed by a Quantity Surveyor when preparing their initial feasibility report.   We often support new and emerging developers who may not have used a QS before so are unsure of the process. Having all the right information to hand ensures the process runs smoothly.     Ed is focused on working closely with clients and their brokers to support them throughout both the initial process and the project itself. By working closer together, the whole process is much smoother and quicker for all involved.   We always aim to make project finance as straight-forward as possible – if you can think of any other areas that you think deserve more focus, let us know!

Happy Easter from all the team at 9Y Capital. We'll certainly be filling up on chocolate over the long weekend, ready to kick off again on Tuesday next week! Whatever egg-citing plans you have for this weekend, have a great time!

We’re well aware that there is a huge amount of information available to aspiring and existing property investors on HMO conversions, but you can never have too much of a good thing! We’ve assisted with a large number of HMO conversions and even have some of our own direct experience of converting properties to HMOs. If you, or one of your clients is planning their first HMO conversion, why not check out our blog post on the topic. https://lnkd.in/eazCh2eN

In a brief video Stephen Johnson introduces 9Y Capital Limited and discusses our approach to assisting brokers and their property investor and developer clients with their property projects through Bridging, Refurbishment and Development loans.