The borrower, a UK company, required the 70% LTV facility — agreed at 0.80% per month — to refinance existing debt, as well as provide further liquidity to be used separately.
The client will invest the additional capital to unlock various other opportunities.
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Matt Watson, CEO at Tenn Capital, said: “The deal saw us offer a hybrid bridging loan and liquidity finance solution to our client.
“Liquidity finance is a fantastic way to take advantage of projects that come your way as a high-net-worth individual, and we welcome borrowers that want to use finance in this way.”
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