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 North London based developer was looking to purchase a vacant 3 bedroom detached bungalow in Radlett, Hertfordshire. The client’s goal was to obtain planning uplift and either sell the property with the benefit of enhanced planning or to develop the property.
Mustard’s service: Mustard provided a bridging loan of 376,471, with a loan term of 12 months at 57.9% LTV.
The result: Due to delays caused by the COVID19 pandemic, the client was not able to refinance Mustard’s loan within the 12 month loan term. Mustard understood the client’s difficulties and allowed them additional time by extending the loan several times. In the end, the client was able to refinance the loan with a specialist bank.
