Bridge to Work on a Development Site
- Client
- Specialist property company
- Finance type
- Bridging
- Amount
- £300,000
- Lender
- Ortus
- Outcome
- Completed in 10 weeks
- Commission
- £6,000
- Location
- Cumbria
- Lead source
A specialist property company owned commercial land and wanted to fit out units so they could be let and start generating income. A complex trust structure sat behind the ownership, which needed careful handling on the legal side.
We arranged £300,000 of bridging with Ortus, completed in 10 weeks around the trust structure. The fit-out was funded and the units could be brought to market.
Read next
All postsRemortgage of a Family Hotel
A father-and-son hotel wanted to refurbish. A £778,125 remortgage, completed in eight weeks.
Development Finance for an Office Conversion
A first-time developer needed funding for a Battersea office conversion. £4.9m raised through alternative finance.
Remortgage of a Commercial Portfolio
A portfolio landlord with a £200k CCJ needed to refinance away from their bank. £3.28m remortgaged in 16 weeks.
Start your commercial finance business.
Book a no-pressure call with the Broker Launch team. We'll walk you through the model, OrionOS and whether it's the right fit for you.