We rescued a project after the developer’s funding was exhausted, due to an incomplete initial bid for funding that did not take account of all construction costs. The project was already 6 months late, but was only 70% complete, and the development loan had run out. The situation was desperate. Every day his position was worsening, he was haemorrhaging cash and credibility. The constructor wanted a further €5m to complete the works, but the developer could not generate any cash flow.