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The customer did not want to offer up the property they were building as security and did not want to pay the interest rates associated with an unsecured loan.
Our specialist property team then asked what other assets the business owned and following a discussion we agreed to re-finance some of their existing yellow plant equipment to raise the cash they needed to finish the property development.
Our solution delivered a competitive interest rate without tying up the property in to a longer term security arrangement.
The client could therefore look to sell the property on completion without having to rely on settling off any outstanding security on the property.
To find out how we can help your business like we did here, email [email protected], call 0115 958 6872 or fill in an enquiry form below.
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