Funding the purchase of land in Spain

We helped secure a £37,003 loan at short notice to allow a client to purchase contested land in Spain for development.

Second Charge Bridge Loan

Forecast Finance secured a £37,003 loan on a quick turnaround for a borrower looking to purchase land in Spain which would then be used to develop a holiday let property.

The borrower needed to raise money for a deposit quickly as they were competing for the land with a cash buyer.

We contacted our partners at Together Money to organise this loan as we knew they would be able to handle it effectively and time sensitively. Within hours of initial contact, we had agreed the terms of the deal, including a 1.3% per month interest rate over a 12-month term.

By gathering all the relevant and necessary supporting documents quickly and working closely with the team at Together, we were able to submit the application and ensure the loan process proceeded smoothly. Our contact at Together, James Barnes, responded to all our emails and calls within half an hour over the two days following the submission of the loan application.

James worked directly with our client to fully understand the case and the exit before releasing the funds just three days after terms were agreed.

The total time taken from introduction to releasing the funds was six days.

Steve Arnold, the Introducer who brought the client to us, said:

“Great to work with Sonia Johnson at Forecast Finance. I referred an urgent 2nd charge Bridging Finance case to Sonia on 22nd Sept and the case completed on the 28th of Sept, exceptional effort and one very happy client, thank you Sonia.”

Overview of Case Study

Comments from the client

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