Developer Exit Bridging With Capital Raise
![](https://catalystpf.co.uk/wp-content/uploads/2019/07/CatalystPF_Red-brick-wall.jpg)
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 |