Castlehill Capital were happy to assist Emperor Developments in the purchase of a BMV property in Liverpool last week. We provide a quick bridging loan based on 90% of the purchase price which was significantly higher than what many other lenders were offering.
The property had a enormous potential and this was spotted by our client, Emperor Developments. They quickly negotiated a below market value (BMV) purchase price with the vendor who was amiable to agreeing a BMV deal conditional on a quick completion.
Within an hour of being instructed, Castlehill Capital provided indicative terms for the purchase based on 90% of the Purchase Price. Legals and valuation instructions quickly followed.
The legals weren’t entirely plain sailing as there were some historic restrictive covenants discovered on the title. But these were soon established to be obsolete and appropriate title insurance was put in place to mitigate any risk and expedite the deal to completion.