Bridging To Renovate Hotel

May 27, 2020 | Case Studies

Loan type Developer exit bridge
Loan size £2.9 million
Loan term 12 months
GDV £3.9 million
Property/asset Residential development block of 14 apartments, currently under construction
Property location Midlands
Borrower Experienced property developer/house builder
Loan purpose Refinance from existing development finance lender, raising £0.5 million capital to purchase site for next development project.
Loan exit Unit sales