£1.2m funding raised for developer with no cash, however assets in the background
Region:
Debt Raised:
Sussex
£1.2M
They had a cash problem and no solution, however, that’s where we can usually help. They knew it was a great opportunity, however as always, the timing was out.
The Scenario
A simple knockdown and rebuild in keeping with the rest of the area, with a below market value initial purchase price.
They had experience building properties and properties on the market and a small buy to let portfolio – but no working capital/cash towards the purchase or build costs.
The Solution
We raised the full purchase and 100% of the build costs, secured on the purchase property and a blend of options on the clients’ assets. They completed the purchase and build in record time and not only managed to repay the loan early (no penalties to do so), they made a profit of over £500,000.
Similar?
If this sounds like something you would like to do, it’s worth us having a 5/10-minute conversation. It costs nothing to talk through and even if we don’t find the immediate solution, we can certainly advise and plan how it can be achieved.
Get in touch here or use the form below, we can call you during the day or evenings/weekends.
Let us know when suits and we’ll find a solution/make a plan.