F&P saves Maillot Jaune development after funding issues caused by Brexit

  • 1 Dec 2017

Peer-to-peer funding has recently allowed a Northern Ireland-based property developer to complete a brownfield site project, following issues related to Brexit.

Developer Maillot Jaune had bank funding withdrawn following the Brexit vote, halting the project to build 11 flats on the seaside site in County Down in 2006.

In August 2016, the council granted Maillot Jaune’s revised application for eight, three-bedroomed terraced houses.

Keiran Trainor, director at Maillot Jaune, says that without F&P, the project would not have gone ahead at all.

He comments: “Compared to bank finance, it isn’t particularly cheap, but this project would not have got off the ground without its help and the P2P finance agreement it arranged.”

F&P kept Maillot Jaune up-to-date throughout the process and consistently worked quickly and efficiently.

Maillot Jaune is one of the many success stories within the F&P portfolio of more than 250 borrowers it has promoted, who have secured some £100 million lending to prosper and grow.

Leave a Reply

More articles

GEZE

Extra Safety for Extra Care with GEZE in Kent

Extra safety has been incorporated into an extra care housing development for over 55s, courtesy of a GEZE UK natural smoke ventilation system.

Posted in Architectural Ironmongery, Articles, Building Industry News, Building Products & Structures, Building Services, Case Studies, Doors, Health & Safety, Heating, Ventilation and Air Conditioning - HVAC, Posts, Retrofit & Renovation, Security and Fire Protection, Windows

What to expect from Schlüter at Hard Surfaces 2019

Schlüter-Systems Ltd has announced that it will exhibit at this year’s Hard Surfaces Show.

Posted in Articles, Building Industry Events, Building Industry News, Exhibitions and Conferences, news, Posts

ROCKWOOL wins SIG Supplier of the Year award

ROCKWOOL has been awarded the coveted Supplier of the Year title by SIG, distributor of insulation, dry lining and related products.

Posted in Articles, Awards, Building Industry Events, Building Industry News, Building Products & Structures, Insulation, news

Aggregate Industries’ SuperCurve chosen to resurface Port of Liverpool

Aggregate Industries’ new SuperCurve asphalt solution has demonstrated its ability to withstand high-levels of HGV traffic during a recent resurfacing project.

Posted in Articles, Building Industry News, Building Products & Structures, Civil Engineering, Hard Landscaping & Walkways, Landscaping, Posts, Retrofit & Renovation, Sustainability & Energy Efficiency