Company

Dusk Property is a new venture led by Adam Cliff. Adam has a Building Surveying background and has already completed and sold three successful development ventures with the support of his father, Andrew Cliff.

Andrew is an experienced Chartered Building Surveyor and Property Developer and is a highly regarded figure in the Leeds professional network. He has worked alongside Reward on a number of previous transactions, providing professional advice and appraisals on projects funded by the business. As a result, Adam and Andrew were already familiar with Reward’s approach and delivery capability, creating a trusted foundation for this latest transaction.

Funding Requirement

Dusk Property required funding to acquire a development site in Boroughbridge following the approval of Reserved Matters planning permission. With a time-sensitive opportunity to secure the land and begin its next residential development project, the business needed a flexible facility that could be accessed quickly.

Finance Solution

We provided a six-figure bridging facility, enabling the business to act quickly following planning approval and seize the opportunity. The facility delivered the speed and flexibility required to complete the purchase while paving the way for a longer-term development funding solution.

Anthony Cope, Client Relationship Manager at Reward Funding, said: “This deal is a great example of how strong relationships can help to create better outcomes. Experienced property developers are increasingly looking for funding partners that can access opportunities quickly and provide certainty around delivery. Pair with this the increased need for flexibility that we are seeing from more clients, and it really brings to light why a funding partner that can move decisively when timing matters is key.”

Results

The six-figure funding enabled Dusk Property to secure a strategically important development land in Boroughbridge and move forward with plans for two new residential plots.

The transaction also positioned the business for success with this project and future ventures.

Client Testimonial

“We had a strong opportunity arise, so timing and speed were two very important factors for us with this project. We know how Reward operates and had the confidence that they would be able to deliver what we needed, when we needed it. Having worked with the team previously, there was an established level of trust and understanding which helped to make the process straightforward and efficient.”

Adam Cliff, Director at Dusk Property