Client buying an option
Posted by Keystone Wealth Management Ltd on 29th July 2019 -
Developer in Essex has successfully gained planning on an option agreement they hold. They now have 30 days to complete the purchase. As the developer has cash tied up in other projects, we needed to take a cross charge on another site along with adding in some mezzanine funding in order to minimise the required cash input from the borrower. This required structuring the finance in place between three different lenders.
Photo by Juan Cruz Mountford on Unsplash
Keystone Wealth Management Ltd
Keystone Wealth Management is a financial advisory business which can advise on pensions, investments, protection and mortgage for both individuals and corporates. We have a particular specialism in development finance, bridging finance and commercial finance.
