Bridge to purchase and refurb investment property
Sep 21, 2021Case Studies
| Loan type |
Bridging finance arranged quicky to enable the borrower to purchase and refurb an invesment property |
| Loan size |
£195,000 |
| Loan term |
9 months |
| GDV |
£260,000 |
| Property/asset |
3-storey mixed-use town property, with retail on the ground floor and residential on the upper floors. |
| Property location |
South West of England |
| Borrower |
Local, experienced Property Investor |
| Loan purpose |
The borrower took a Catalyst bridging loan to purchase a new investment property and fund the refurbishment of the residential floors. |
| Loan exit |
Renting both the retail and residential units. Refinance to a Buy To Let mortgage. |
