Prime Business Finance was recommended to Mr O. by the Commercial Manager of one of the High Street banks. Mr O. was building two adjacent properties when it became apparent that further funding was going to be needed for the final phase of the development.
The original mortgage provider wouldn’t accept a necessary 2nd charge on the development which meant that Prime now needed to organise sufficient funding to clear the original mortgage as well as sufficient funding to finish the development.
This was a completely different scenario from that which we were faced with at the start. Thanks to the advanced stage of the development we successfully proposed the changed requirement to a funder and we were able to organise the much higher level of funding that Mr O. now needed.