After 30 years of funding property developments through his bank, Paul Brinton, a director of East Devon Estates, was shocked when he was refused funding for a two-phase apartment development in North Tawton.
Paul said: “We met, got on well and did the deal quickly. They were very flexible in their approach and easy to deal with. I have found the cost of borrowing from Bricks competitive to the bank despite their rates being higher. We are not charged valuation fees, there are no exit charges and we have had the flexibility to draw down as and when he needed to.”
Tarka Court, phase 1, eight 2-bedroom apartments, before and after
Jerry Rihll of Bricks Finance added: “Tarka Court is a wonderful development which will meet local needs and we were very happy to help support it. This is what Bricks is all about, investing local funds in a local development that benefits the local community.”
Before and after: