A property development company approached Moorgate Finance after exhausting their options elsewhere. With a time-sensitive renovation project ready to move forward, they needed fast, flexible funding to avoid costly delays and to protect their return on investment.
The Highlights
✅ £55,000 unsecured loan delivered over 6 months after being declined elsewhere
✅ Enabled rapid completion of refurbishment works and quicker sale
✅ Reduced capital being tied up and improved annual project turnover
✅ Provided flexible, short-term funding aligned to the property exit strategy
The Challenge
The developer had acquired a property with the clear intention of renovating and flipping it for resale. The business model relied on them obtaining the money as soon as possible to prevent being stuck with the property for longer than anticipated. The quicker the refurbishment was completed, the sooner the property could be sold and capital reinvested into the next project.
However, despite having a viable plan and clear exit strategy, they were declined for finance by multiple lenders. Without the £55,000 required to complete the project, the delay would have tied up capital for far longer than planned, slowed their project pipeline, and reduced the number of developments they could complete within the year.
The Solution
Moorgate Finance took the time to understand the deal, the exit strategy and their requirements. Recognising the short-term nature of the requirement, we structured a £55,000 unsecured loan over six months, providing the capital injection needed without requiring asset security.
The funding allowed the developer to move immediately, complete the refurbishment efficiently and bring the property to market far soon that anticipated with previous finance setbacks.
Need funding solutions like these for your business? Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.