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 established East End development company required a mezzanine loan behind Octopus Real Estate’s £5.8 million senior loan. The development comprised the demolition of two single storey retail units and the development of a five-storey apartment block in East Ham, London. The block contained 24 residential units with a Gross Development Value (GDV) of £8.36 million.
Mustard’s service: Mustard provided a mezzanine loan of £305,344, with a loan term of 21 months at 73.7% LTGDV.
The result: Mustard’s facility helped the client to successfully complete the project. The client repaid Mustard’s loan by selling the property once it was completed.
