SMF - Just Installed!

Raising funds

Started by Badger, August 15, 2007, 08:49:06 AM

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Badger

Ok in reflection to my other post * plc or not * where would be the place to raise funds, has anyone gone down this route of Director and borrowed on there borrowing power to start up a property development business.
If so where did you look, anyone know of people who have and where did they go.



Badger

mountie

i set up a commercial loan facility to fund my renovation business with natwest.

Nice to have an agreed fund but LTV very low.  Typically a 9 month loan for each project to buy, renovate and sell.  Interest at 2.75% above base but because its a loan rather than mortgage, no exit fees. 

I am shopping around for a better LTV to free up more of my working capital.