Another Bridging Finance Deal approved
• April 8, 2022
Residential bridging finance approved for part finished development
Deal
Loan amount - £450k
Security - 2 x residential properties that are under construction. 1 nearing practical completion and the other some months off.
Rate - 0.58% over base
Term - 12 months
Fees - 2% lender fee (lender pays broker fee)
Exit Fee - No exit fee
Exit strategy - Sale of units
Share this post
DEVELOPMENT FINANCE
Bridging Finance Completion
Commercial premises purchase - OWNER OCCUPIED
Deal Update:
New Deal Sanctioned - Property Development Finance
£12m Credit backed Bridging Loan
