This month on Deals Deals Deals, we welcome Ben Richards, who is an Architect and Property Developer amongst other businesses. Ben has just completed his first year on the Property Entrepreneur Programme, and he was voted by his peers to win 3rd place in the Property Entrepreneur of the Year Award and 3rd place in the Deal of the Year Award. It is this deal that we go through in this episode of The Blueprint Podcast.

Ben lives in St Albans with his family and has set up several businesses over the last 8 years with 30 staff across the businesses.

Ben and his partner have raised £17m to fund their developments on an interest or Joint Venture basis and they are currently live on 6 sites with a £30m GDV.

The deal we discuss was funded with a Joint Venture partner who put up the cash required and they split the profit 50/50. We discuss tips on how to raise private finance as well as his top 3 tips and other learnings.

The headline numbers of the commercial conversion in Marlow which was split into 8 units are:

Purchase Price: £1.17m

Total Development Costs: £940,000

Finance costs £350,000

Total Cost: £2.46m

Gross Development Value: £3.1m

Gross Profit: £640,000

Success and failure are both very predictable.

I hope you enjoy.

Want to contact Mark or his guests?

www.thepropertybrokerage.co.uk

[email protected]

Ben Richards

www.theHMOagent.com

[email protected]

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