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.
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
- Architects
- Builders
- Estate Agents
- Property Management
- Planning Consultants
- Solicitors
