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
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DEVELOPMENT FINANCE
Bridging Finance Completion
Commercial premises purchase - OWNER OCCUPIED
Deal Update:
New Deal Sanctioned - Property Development Finance
£12m Credit backed Bridging Loan
Bridging Deals agreed
Recent Commercial & Semi Commercial Investment deals agreed
The UK Government backed RLS Loan scheme has been extended to continue to support businesses through the economic recovery. Cash Flow & Growth Loans for UK Ltd Companies Turnover for 2019 >£100k Minimum trading period 2 years Must show profitability/affordability Loan Term up to 6 years No obligation/ No upfront fee to receive a quote Loans up to £250k will not require a Personal Guarantee 12 months Interest only available from some lenders
