Asset security charge

[yschean]

Hi I am working on a development site and there are two potential private investors to invest into the project. For the investors loan security I am thinking of offering them the 2nd charge to the title. However am I right in thinking that there can only be one party on the 2nd charge? I have to reserve the 1st charge for the construction loan in later stage so can't offer 1st charge to the other private investor in this case.

[seduraed]

Could they set up a limited company with them as the directors .The company then lends the money and takes the charge. You will need tosee a solicitor who specialises in commercial work but that is a way.