Loan to Finish the Construction of an Equestrian Centre

Opportunity:

The client ran out of funds due to the delay in auction and sales of stock, and needed a lender to offer the rest of the costs for the stable and barns on the site with only a second charge available.

Approach:

We sourced a lender that understood the nature of the security, and took a view on the client’s experience in the sector but who was also happy sitting behind the first charge lender.

Solution:

Terms were issued for the full amount being drawn down in two stages as the site increased in value, and using security on another property the client owned.