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 HNW developer, having switched from a successful career in a top-tier US investment bank, had completed a conversion of 10 flats in Royal Tunbridge Wells, with an aggregated GDV of £5,515,000, and was looking to refinance the development loan. A senior lender, with whom Mustard has a long-standing lending relationship, introduced the loan as the developer needed to increase their leverage in addition to the senior lender’s loan offer.
Mustard’s service: Mustard provided a 12 month, £336,186 second charge loan at an LTV of 67.2%.
The outcome: The loan was initially extended for a period of three months and thereafter refinanced shortly after loan maturity by a term facility with a respectable and market-leading lender.
