ASC Recent Client Results
ASC to the rescue for property investor!
An experienced property investor was struggling to raise finance of over £2million to purchase a commercial property in central London, which comprised of 7 flats and offices on the ground floor. The vendor was insisting that the contracts were exchanged before they were able to fit out the flats, and as a result the buyer was finding it difficult to raise finance as the property was vacant.
Fortunately, the investor was referred to his local ASC director, David Milham.
Using the strong relationships which ASC Finance for Business has built up over the years, David was able to source funding from a lender which was prepared to advance funds before the flats were let. Indeed there were further delays of several months before the work was completed, so without the assistance of ASC, the project might not have been able to go ahead.
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