31 May, 2017
MSP Capital came on board to support the completion of a partially-built prime mixed-use development site with consent for 19 luxury apartments and a ground floor commercial unit.
We were able to structure a deal that incorporated lifting the previous debt on day one and providing further funds to finish the development with certification from our monitoring surveyor.
The clients were very satisfied with the service provided by the team and continue to use our bespoke lending products. We are pleased to strengthen this relationship with our continued support.
Paul and his team are very reliable, proactive and accommodating. They have supported us extremely well throughout the project. – Keiran
20 May, 2017
Utopia is a horse-riding school and equestrian centre in Dorset. The centre offers horse-riding lessons, stables and other equine facilities, all forming part of a site of approximately 10 acres of gardens and open fields.
The client approached MSP with a view to purchasing the property with adjoining business premises to expand their company. With insufficient time to obtain a mortgage from a high street bank, MSP were able to step in and assist.
The client was very happy with the service provided and continue to use our financial products to facilitate their growth.
16 May, 2017
A new developer on the scene started their first residential development with MSP Capital.
We assisted in the loan structure at the beginning of the project and, nearing completion, helped them fund a part exchange. This helped them realise the capital to fund another project with us.
They are now in the middle of their second residential development project – the demolition of an old disused church building and construction of 7 new 3 bedroom homes.
We will happily continue to use MSP Capital in future projects. The team are extremely knowledgeable about all aspects of development, they understand the complexity of each case and appreciate not everything is black and white. I enjoy the benefit of discussing the project with them over the table and dealing with the faces that make the decisions. I find them extremely supportive, refreshingly flexible and I look forward to our continued future business. – Steve
15 May, 2017
The Hall situated near Coventry is set in 8.52 acres of ground, this impressive Georgian-style property had previously been used as a care home. The client had a desire to create high end serviced offices with some adjoining residential development.
In order to acquire the property, our client approached several high street banks who were unable to meet their needs in the desired timeframe and did not share the vision of the investment opportunity.
MSP Capital provided the funding, allowing the buyer to swiftly complete the purchase and then they refinanced once their concept had been proven.
12 May, 2017
The development, a former garage workshop, had received full planning consent for the demolition of its existing buildings and the construction of 13 residential dwellings and 2 retail units.
Rather than go to a high street bank, our borrower chose MSP for its flexibility and by using our higher loan to value ratios was able to fund other business opportunities elsewhere.
We were able to provide the borrower with swift decisions and views taken during the build process, which helped them to capitalise off-plan sales.
MSP are brilliant and offer us a fabulous service. – RJ Morrall Ltd
2 May, 2017
Even big developers need greater support than the banks can give.
MSP provided a loan to allow the borrowers to purchase two sites with planning permission. Due to the increase in value through their enhanced planning consent, it enabled them to fund one of the sites at 120% of the purchase price.