Andy Stanbury, Director of Alburys Financials is delighted to announce the completion of a £2.5M bridging loan facility.
Our successful Architect turned Developer required Bridging Finance to help fund the purchase of a large house in Richmond.
We structured a 70% LTV, 7-month bridging facility at 0.6% per month with no exit fees that allowed our client sufficient time to obtain planning consent for four luxury houses.
The exit route was a Stretched Development Loan.
Andy commented “Speed and the level of funding was critical to helping our client with the acquisition. We partnered with one of our key lenders who were supportive from start to finish and delivered the required funding within 2 weeks from application”
These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.
If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.