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 and well-known property development company planned to refurbish and develop a mixed-used property Evesham, West Midlands. The proposed works included refurbishment of a ground floor retail space and change of use of an existing first floor maisonette into two flats, together with a two storey rear extension.
The client had terms from a well-known lender, who had instructed valuation and legals. However, the lender’s funding line was suddenly pulled and the client’s broker reached out to Mustard directly.
Mustard’s service: Mustard took the client onboard, providing a first charge development facility of £85,539, with a loan term of 12 months at 56.1% LTGDV.
The result: The client successfully refurbished and developed the property as intended and repaid Mustard’s facility before maturity by refinancing with another lender.
