Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
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Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
Client’s circumstances: An experienced Welsh developer, and a Mustard repeat customer, required development finance for a ground-up development in Monmouthshire: A detached, 3-bedroom residential property over 4 floors with a GDV of £295,000.
Mustard’s service: Mustard provided a multi-tranche first charge development loan with a loan term of 12 months at 62.3% LTGDV.
The result: The client completed the development successfully but required additional time to repay Mustard’s loan due to delays in obtaining a BTL mortgage for the newly constructed property. The loan was extended for 6 months to give the borrower time to refinance the loan and move on in their property development career.
