District & County Investments (DCI) has delivered a £2.3 million bespoke funding facility to support the acquisition and development of the Stansfield Mill site near Sowerby Bridge, with a pre-agreed transition into lower-cost development exit finance at practical completion.
The scheme, which has now been delivered, comprises 17 high-specification residential apartments, transforming an existing site into a completed residential asset.
The lender structured the facility with a dual-phase approach from the outset, combining development finance with a built-in transition to a lower-cost exit facility once the project reached completion.
The approach was designed to remove refinancing risk while providing the borrower with full visibility over funding costs throughout the lifecycle of the scheme.
DCI said the structure allowed the borrower to proceed with greater certainty, while also ensuring that the cost of capital reduced in line with falling development risk.
Michael Clifford, commercial director at District & County Investments, says: “This is a great example of how thoughtful structuring at origination can drive better outcomes for all parties.
“The scheme has now been delivered, creating 17 high-specification flats on an existing site and adding real value to the local community.
“From the outset, the funding was designed to transition to a lower cost of capital once the development completed, giving the borrower certainty on both delivery and pricing.
“From a lender perspective, we move into a position of holding strong, standing security in a completed asset that is ready for sale or refinance, having funded the land purchase and the build costs.
“Ultimately, everyone wins; the community benefits from new homes, the borrower benefits from reduced costs and certainty, and we benefit from a de-risked, high-quality asset.”
The transaction underlines a growing focus among specialist lenders on lifecycle-aligned funding structures, particularly in a market where borrowers are seeking greater certainty around exit strategies and overall cost control.
DCI said it continues to support brokers and borrowers with tailored funding solutions across bridging and development finance, with an emphasis on speed of execution and simplified deal structures.
