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: A successful property developer required a mezzanine loan behind Hampshire Trust Bank’s senior loan, to develop six detached bungalows in Bexley with a Gross Development Value (GDV) of £3.4 million.
Mustard’s service: Mustard raised the funds needed to complete the purchase within one working week and provided a mezzanine loan of £229,008, with a loan term of 21 months at 77.7% LTV.
The result: Mustard’s facility enabled the client to purchase the land and successfully complete the project. The client repaid Mustard’s loan by refinancing on to a development finance exit product with a leading non-bank lender.
