Bridge to purchase and refurb investment property

Bridge to purchase and refurb investment property

Loan typeBridging finance arranged quicky to enable the borrower to purchase and refurb an invesment property
Loan size£195,000
Loan term9 months
GDV£260,000
Property/asset3-storey mixed-use town property, with retail on the ground floor and residential on the upper floors. 
Property locationSouth West of England
BorrowerLocal, experienced Property Investor
Loan purposeThe borrower took a Catalyst bridging loan to purchase a new investment property and fund the refurbishment of the residential floors.
Loan exitRenting both the retail and residential units. Refinance to a Buy To Let mortgage.

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