Quick completions here, there and everywhere! This project came from a regular borrower of ours, having completed on over 10 loans with him.
He required funds to purchase a site in Kent with planning to demolish the existing building and develop 9 flats. The structure was something we do all the time, but at £1.9m, it was one of our biggest facilities yet!
While having a successful history and partnership with borrowers helps towards successful completions, there are things out of your control that can stop an application in its tracks. For this deal, the borrower found out two days before completion that VAT was applicable and required funds to cover this. All the cogs of the Think machine got together and we managed to allocate the funds and complete the deal within 7 working days.
Our lending team have been working really hard to place your loans and that hard work is definitely paying off, offering on more loans and bigger facilities than Think has ever done before in record times.
This isn’t the first nor the last deal we’ll be doing with this borrower as we continue to grow and increase our funding levels. If you’d like to talk through how we can help you, you can get in touch with a member of our Lending team by clicking on the Apply Now button at the top of the screen. We look forward to chatting with you!