A local farmer
We were approached for bridging finance by a Norfolk landowner when his original lender pulled out of discussions. His bank had called in the loan, giving him just four weeks to repay it.
The land had recently received outline planning consent and was owned by the borrower and his immediate family. We advanced a 24-month loan of £570k to repay the bank loan, and to provide some working capital. This bridging facility gave the farmer time to properly market the site to maximise its value.