Loan to Finish the Construction of an Equestrian Centre


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.


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.


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.