Bridging

Bridging loan in Poole

A 12-month bridge loan to acquire the freehold of a 4-bedroom house in prime Poole.

Front Door
Kitchen
Backyard

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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