9 April, 2018
As traditional high street providers of property finance continue to show a reticence to lend, it’s perhaps not surprising that bridging funders such as MSP Capital Ltd report continued growth.
The majority of members expect their business turnover to grow, with two thirds expecting the same of the bridging finance sector as a whole. In addition, they are very positive about the prospects of providing short term finance to SME housebuilders – 93% believe this is a growth area.
Underwriting and Credit Team Coordinator
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.
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.