Family- run Building Company

A £230k one year loan to a small family- run building company to finance the development of one of it’s owned sites.  The loan was delivered in two tranches, the first of which enabled the preparation of the site for the build of two substantial properties and the construction of one property. The completion and sale of the first property partially repaid the first tranche and triggered  a second tranche which financed the build and completion  of the second property. The loan was discharged upon the sale of the second property.