A building contractor acquires a development property with their own capital and spends a substantial amount on the refurbishment work. As a result, they require additional funds to complete the project.
During the initial discussion, we identify that the contractor requires the funds because they have taken the opportunity to buy the neighbouring property. We support this extension of the project by arranging a short-term loan against the value of both buildings.
This loan enables the contractor to broaden the scope of the project and complete the refurbishment work on both properties.