Urgent Development funds
Client required a funding line of £500k for cashflow for the business and to finish a development of 2 properties
The client had acquired 8 pieces of land over 3-4 years and had planning permission in for the 6 properties across the titles – making a very complex mix of security
The client needed the funds within 2 weeks as they had been let down by another funder
The complex security structure was reviewed and pulled together to form the primary security for the deal
The deal was paid away within the timescales required and the client now has the funds to push on and finish the current development in the next 3-4 weeks
The client has requested that Acuity Finance put more facilities in place for the rest of the development of the buildings due to Acuity Finance being so easy to work with and also provided the speed to get the deal done
