Funds required to capital raise against unencumbered land with planning permission

The Project

Our client required funds to capital raise against unencumbered land with planning permission, which was marketed for sale at £2,000,000. Our client required funds for business purposes.

The Approach

Time was of the essence in this deal and Seneca instructed its solicitors within 48 hours of the case being credit approved. Property and legal due diligence progressed quickly from the outset.

The Outcome

Seneca’s solicitors who were matched with a proactive firm of solicitors acting for the borrower, we completed the loan in less than 2 weeks of the case being approved. The client now has a 9 month loan term and intends to repay Seneca’s funding via sale of the land in due course.