Capital Raise Loan Used to Secure New Site in Billinghurst

Bexhill Property

This unencumbered property in Bexhill was used as security to raise funds for a site purchase in Billinghurst

A new client for Castlehill Capital called Cosmin Construction completed a £454,000 facility this morning.

The funds will be used to fund the acquisition of a site in Billinghurst which has planning consent for a new bungalow.  The loan enables the client to wait for the sale of their recently completed property (pictured) without missing out on the new site.

Security was taken over the finished property at Bexhill valued at £600,000.

This short term bridge loan was the perfect fit for the borrower’s situation which required a quick release of equity.

We look forward to seeing the new project take shape at the Billinghurst site.

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