Refinance and Build Loan for a Part Completed Site

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Refinance and Build Loan for a Part Completed Site

28 November, 2016

A Wiltshire based client approached MSP Capital with an opportunity to purchase a partly-constructed development site with planning to construct eleven flats from a builder in financial difficulties.

The other lenders our client approached would not lend on partly-constructed schemes but MSP Capital carried out due diligence and was satisfied with the feasibility of the site and security offered.

We were then able to fund the acquisition of the development and provide the outstanding costs to complete it.