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: The client needed to refinance a defaulted bridging loan and had terms for part of the required loan amount from a bridging lender but were still short of £100,000 to refinance the loan in full. The defaulted loan was accruing at a significant default rate and repossession was forthcoming.
Mustard’s service: In only a few days Mustard was able, working together with the new senior lender and relying on their valuation report, to provide the clients with a mezzanine loan of £100,000 with a loan term of 6 month and an LTV of 77.9% LTV to refinance the defaulted loan.
The result: The 6 month term gave the client enough time to sell the property and to repay the senior and mezzanine loan in full.
