Agreed at 70% LTV with a loan term of eight months, the funding allows the client sufficient time to explore the property’s planning potential before exiting by either selling or moving on to development finance.
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Shahed Popat, senior BDM at Blue Square Capital, commented: “This facility was completed by having a deeper understanding of the borrower and them having confidence in us.
“Meeting them at the property to gain insight into their background and future plans provided comfort on both sides.”
Sarabjeet Bhoday, CEO at Blue Square Capital, added: “We have completed a series of smaller loans in the first half of the year, so we’re delighted to balance this with one of this size.”
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