Bridge Refinance of a Refurb Property
- Client
- Property development business
- Finance type
- Bridging Refinance
- Amount
- £362,000
- Lender
- Confidential
- Outcome
- Completed in 5 weeks
- Commission
- £9,050.00
- Location
- Cheshire
- Lead source
A property development business needed £100,000 in cash to finish a refurbishment, on top of refinancing a bridge that was already in place. Rolling the two together kept it to a single facility and a single exit to plan around.
We refinanced the existing bridge and raised the additional cash at £362,000, completed in five weeks, giving the client the funds to complete the works. The lender is kept confidential at the client's request.
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