Jacobs Allen, a member of the Corporate Finance Network with offices in Suffolk has advised the owners of a local property development company on raising £1.4m of funding.
The client approached Keith Senior and Chris Kelly of Jacobs Allen to advise on the structure of a development opportunity, introduce solicitors and source the necessary funding. The ownership of the property was complex and necessitated obtaining specialist Stamp Duty Land Tax advice. Using Capitalise, the Jacobs Allen Corporate Finance team achieved a competitive offer and drawdown for their client.
This enabled the clients to progress the project to convert grain stores into 5 new homes and they are now looking at obtaining further funding to develop the adjacent site.
