The Project
The Borrower, who had already worked with Seneca on a previous project, asked us to capital raise against an unencumbered property valued at £375,000.
The Approach
We structured a gross loan of £195,000 with a day one release of £170,000. The loan was secured at 52% LTV at the end of the 12-month term.
The Outcome
The loan was completed swiftly, providing the Borrower with the capital required to proceed with future property acquisitions, demonstrating our ability to offer flexible financing tailored to our clients’ unique needs.