The client was introduced by one of our long standing Brokers. The client had acquired a large office block with plans to convert to 30 x 1 bed flats. We provided £1.2m to enable the conversion works to take place.
The client provided the 1st charge on the freehold. Cash was released within 4 weeks of the request by our client who is an experienced construction company with several ongoing projects at any one time.
To maintain client confidentiality we have provided a generic outline only.