Bridging Finance to support the purchase of a detached bungalow in West London

The Project

Our client required Bridging Finance to support the purchase of a detached bungalow in Hounslow, West London.

The Approach

It became obvious during due diligence that the property was in need of a major face lift with the client wanting to carry out the refurbishment works with their own funds during our loan term.

The Outcome

Despite a slight down value, Seneca were able to provide a Gross Loan of £375,000 at 75% LTV. With the purchase now over the line, our client has a 9 month term to complete the works and obtain a refinance to repay our Facility.