You are helping to build family homes
Throughout the year we’ve been lucky enough to visit a number of small businesses across the country who have borrowed through the Funding Circle marketplace. They’ve taken out business loans for all sorts of reasons including stock purchases, general expansion and product development.
Having launched our formalised property product in April, we thought it was about time we visited a property developer to see how they were getting on after their Funding Circle loan.
Medina Capital Investments is a London-based property development company who has borrowed £640,000 from over 5,000 people since September 2014. They are part of the way through the development they’re working on in West London, and are expecting to complete the construction and sale of 2 family homes by March 2016. The total loan facility they need is in excess of £1.5 million, so keep an eye out on the marketplace for the later tranches over the next few months!
In this short video you’ll meet the founder of Medina Capital Investments, Nidal Al-Khail, hear from him first-hand about his experience, and you can take a look at the site where the homes are to be built.
Property development loans were available between April 2014 and April 2017. If you work in the property industry and are looking for finance, we may still be able to help you with an unsecured loan up to £350,000 with a personal guarantee, or a secured loan up to £1 million.
Get an instant quote online or speak to our dedicated team today on 0800 048 8747.