Bridge to complete property development work
Sep 14, 2020Case Studies
| Loan type |
Bridging loan to complete development works |
| Loan size |
£675,000 |
| Loan term |
9 month term |
| GDV |
£964,000 |
| Property/asset |
New build scheme |
| Property location |
England |
| Borrower |
Experienced Property Developer |
| Loan purpose |
A developer was looking to raise additional finance to complete their new build scheme. The scheme was designed for affordable housing which offered slight complex lending criteria. |
| Loan exit |
New build scheme unit sales |
