Bridging loan in Poole
A 12-month bridge loan to acquire the freehold of a 4-bedroom house in prime Poole.
A bridge facility to help an experienced developer acquire a 4-bedroom house in a very desirable area in Poole. The bridge will provide time for the developer to obtain planning permission to redevelop the site.
Gross Loan
£1.1m
Term
12 months
LTV
65%
Units Created
2
Exit Method
Refinance
"The combination of an experienced developer, a site in a prime location and plans to add significant value made this deal an attractive proposition for us to lend on."
- Rebecca Nutt, Director of Portfolio Management
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