Raising working capital

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05 Raising Working Capital 380X380

We made available a facility of £200,000 to provide working capital, secured against an unencumbered investment property located in the London Borough of Lewisham. The security comprised a centre terraced two-storey residential building arranged internally as two un-self contained flats. The applicant had recently completed the purchase of the security property in cash and was looking to release some equity in order to complete a purchase of a further property. The facility amount equated to 43% of the market value figure of £465,000, with interest charged at 0.99% per month.

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CA were more collaborative from the start – no-one else we spoke to could give us helpful answers as quickly, and we’re definitely going to go straight back to CA for our next development project.

Residential Property Developer
Lewisham, London
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