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.