Posts tagged 'This is Candy. When's the crush?'

This is nuts. When’s the crash?

London prime property vendor finance, vignette #1:

Luxury property developer Christian Candy has lent more than £300m in the past year to wealthy London housebuyers, in a bid to profit from the banks’ withdrawal from the market, and aims to take his total lending to £1bn by the end of this year…

Last week he lent £25m for the purchase of a £35m private home in Knightsbridge, and he is now in talks to provide £100m for the purchase of a home in north London.

 Read more