Bridging in Cornwall
We provided extra leverage on a bridge facility to allow our client to complete sales of high-end apartments on the Cornish coast.
We provided a £1.7m, nine-month bridge finance facility to a developer operating across southern England.
Our facility gave our client time to sell these attractive apartments on the open market. Located by a popular waterside town with a natural harbour, these apartments had wide-ranging appeal to
owner-occupiers, investors and holiday makers. Our facility refinanced two existing lenders and released equity for a further purchase.
Gross Loan
£1.7M
Term
9 Months
LTV
78%
Units Created
4
Exit Method
Sales
“Our developer knew the micro-location well and was able to bring product to market to suit. This local knowledge and expertise were crucial in our decision to lend.”
- Paul Hayward, Senior Investment Manager
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