Secured against grade I listed castle
Funds were required to assist the client with cash flow due to the impact of covid on the wedding industry.
The broker informed us that the exit was sale of the property and we provided swiftly provided terms for an 18 month facility with interest retained for 12 months, this is to allow sufficient time to transact a sale.
Our in house legal team, worked alongside the legal team at Lawrence Stephens to break down the complexities of the listed status of the property along with the associated cottages and land.
Working in collaboration with the broker, Damian Davies we were able to meet the clients expectations and provide much needed cash flow to enable the client to sell the property and release equity.
This facility was above our published maximum loan value, demonstrating our ability to be flexible for the right deal.