Flexible bridging between development and lettings
We helped our client to let out these attractive apartments, acting as the bridge between the development finance and the investment loan that followed our facility.
We provided a stretched senior bridge finance facility to a developer operating across Greater London and southern England.
Our client came to us with 22 apartments finished to an excellent standard. Our client required a bridge to allow time to let out the units and complete a further refinance. We were delighted to support such an experienced team with a stretched senior loan.
Gross Loan
£3.7M
Term
9 Months
LTV
74%
Units Created
22
Exit Method
Refinance
“The borrower demonstrated an excellent track record of similar assets and as such we were comfortable supporting them with a little extra leverage."
- Simon Joseph, Lending Manager
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