https://www.thelandsite.co.uk/files/articles/74aec72351eb11ec99a30afeec538f48/2092-6239c68b8fdc7770686810.jpeg 111

Weymouth Residential Bridging Loan

Published by Alternative Bridging Corporation -

title

  • 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.


Rinal Rodrigues

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

10th June 2024
Golding and Octopus Real Estate Complete Transfer of 180 Affordable Homes
Golding and Octopus Real Estate complete transfer of 180 affordable homes outside Mid Kent
Read more
26th May 2024
Can You Get a Bridging Loan With Bad Credit?
We’ve been looking at bridging loans a lot recently because they’ve become such a key financial tool for savvy property investors.  But can you get a bridging loan with bad credit?
Read more
4th March 2024
Industry Insights
Are we out of the woods yet? Well, not really – recession, living costs and mortgage prices continue to hold back the property market
Read more