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£1.0m bridging finance loan

Published by Krios Capital Partners on 21st May 2020 -

title

£1.0m bridging loan arranged to assist a client in respect of the refinancing of 3 buy-to-let properties in South London.

The client was in the midst of securing another development finance loan and was in need of additional equity to complete as soon as possible.

A bridging loan was secured against three of his properties to release fresh equity that could be allocated to his new project.

Since the properties were rented out, the interest were serviced; hence, enhancing the net release to the client on day 1.

Deal summary:

  • Refinance / equity release using 3 unencumbered properties

Deal structure:

  • £1.0m bridging finance loan

  • Senior debt

  • Equity release / refinance

  • 70% LTV

  • 12 months term

How did we help?

  • We delivered the funding in less than 4 weeks to ensure the client secures his other project on time

  • We leveraged our network to secure the best possible terms

Should you have a project in mind and would like to discuss your development finance requirements, you can contact us at [email protected]

 


Guelane Mansour

Property finance broker specialised in the sourcing of development and bridging finance for property developers and investors.

Link to Krios Capital Partners business profile

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