Experienced developer needs 6 months finance as existing lender without funds to support
- Location: West Midlands
- Amount Required: £100,000
- LTV for entire deal: 75%
- Sector: Development
LTV represents Loan To Value, where Value is an up to date valuation of the property involved and Loan is the total amount to be lent to the borrower, including the Investor's loan.
Experienced developer with a number of sites. First charge with main lender who is unable to commit to the development funding to complete this specific site. Recent valautions are available confirming demand and values. Client is willing to pay 25% return for a speedy completion
