The Route – Finance’s latest Secured Loan has now closed and was oversubscribed.
The security available for this loan is a 1st charge against 20 acres of land and property, valued at £3.75m by Savills in October 2014. The term of the loan will be 6 months, with a 3 month extension available if the borrower chooses to utilise it.
The raise took 2.5 weeks to obtain confirmed particpations from all Route Investors and proved to be very popular as it was oversubscribed by £727,250.
The loan is due to start this month.