Weymouth Residential Bridging Loan

Published by Alternative Bridging Corporation -

• Location - Weymouth
• Value - £750,000
• LGTDV - 72%
• Loan Amount - £532,000

Lending need:

An experienced residential developer required a residential bridging loan against 2 flats in a block of residential flats to enable the borrower to swiftly exit/repay outstanding finance on a separate development and to provide working capital for other projects.

Result:

The property is a stylish and brand new development comprising 6 x 3-bed apartments and 2 x 3-bed maisonettes. The maisonettes are situated in separate blocks and built to a high specification including luxury fitted kitchens, contemporary bathrooms and oak veneer doors throughout. The development is situated in a sought after residential area of Weymouth.

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Alternative Bridging Corporation

Alternative Bridging Corporation is a principal lender, offering the widest range of short and mid-term products, to the property industry and business community as well as bridging loans to homeowners. We can lend regulated and non-regulated loans up to £10M

Link to Alternative Bridging Corporation business profile