Any financial institutions that lend money on strength of equity in a site with OPP

M

malgan

Guest
I am wondering are there any financial institutions that lend money on strength of equity in a site with outline planning permission.
I am looking to raise capital and own a site with OPP valued at 175,000.
I wish to borrow 140,000.
Is this possible or am I barking up the wrong tree???
 
Bank of Scotland do that type of thing.... depending on circumstances of course!
 
I suspect that many of the long-time posters around here will ask you how you're fixed for repaying such a loan before they'll offer any recommendations as to where you might raise it...?
 
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