6 August 2026

Every completed development has a story behind it, and it’s rarely as straightforward as it looks.

Projects don’t always go to plan. An 18-month programme becomes four and a half years. Valuations change, contractors fail, occupiers pull out and costs increase. Unexpected challenges can appear around every corner.

It’s easy to celebrate the finished scheme, but it’s the journey that really demonstrates what successful property development is all about.

Michael Sack’s 18 bed HMO conversion, is a great example of the resilience it takes to deliver in today’s market. Rather than walking away when obstacles appeared, he found solutions. When his builder went into administration, he sourced a new contractor. When his social housing tenant collapsed, he worked tirelessly to secure a stronger occupier. Every setback became another problem to solve.

As his funding partner, PMJ Capital stood alongside him throughout the process. We believed in both the developer and the project, working together to navigate every challenge rather than stepping away when things became difficult.

That’s exactly why we believe property finance should be about far more than simply providing funding. It’s about building trusted relationships, understanding that not every development follows the original programme, and supporting experienced developers when the unexpected happens.

In today’s market, having a lender who communicates openly, takes a pragmatic approach and works collaboratively when circumstances change can make all the difference.

It’s partnerships like these that help great developments reach the finish line.