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Seneca BridgingSeneca Bridging

Funding to Build Two Luxury Apartments in Bristol

  • 27 July 2017

Funded:

£400,000

Location:

South West

Property Type:

Residential

Funding:

Bridging Loan, Development Finance

Seneca Lend £400,000 to Fund the Build of Two Apartments in Clifton, Bristol

Our client required £100,000 bridging finance to pay off the existing loan secured against his site and a further £300,000 development loan to build two luxury apartments in a desirable part of Bristol.

The Problem: A successful business owner, but a new property developer, our client was introduced to us by one of the leading property finance brokers in the South West. He approached us as he knew we would take a view on the site’s attractiveness and the experience and governance of the project team.

The Merit: We were pleased to review the plans for these two uniquely designed apartments in a very attractive part of one of the UK’s leading cities. The architects and the building contractors have a solid track record with this type of development.

The Solution: We visited the property and met with the borrower at one of his existing, successful businesses. This helped us understand his motivations and aspirations for this and future schemes he’s considering. Following receipt of a valuation and on completion of legal due diligence, we were able to offer the loan he requested, with the £300,000 development finance element being transferred in staged payments on receipt of our monitoring surveyor’s reports.

The Result: We’ve proven our pragmatic approach and ability to deliver to this highly regarded introducer who is now working with us on other transactions.

Diligent Lending | Exceptional Value

Bridging Loans – Key Features

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  • Fast Decisions: Initial responses typically delivered within hours—perfect for time-sensitive situations like auction purchases.
  • Loan Size: £100,000 – £2.5 million.
  • Loan-to-Value (LTV): Up to 75% of the end value (Gross Development Value or market value), with flexibility available on a case-by-case basis.
  • Desktop valuations are available
  • Term: Usually up to 12 months, but occasionally longer if LTV can support it.
  • Interest Roll-Up: Interest can be “rolled up” and repaid at exit, easing cash-flow pressure during the loan term.
  • Interest Serviced: Interest can also be “serviced” allowing a larger day 1 cash drawdown (subject to serviceability).
  • Exit Strategy Required: Clear repayment strategy—such as sale or refinance—must be established at the outset.
  • Security: First legal charge on the property is required.
  • Transparent Costs: Arrangement fees typically start at 1%. No early repayment or exit fees, and no hidden admin charges.
  • Unregulated Product: these Bridging loans are not FCA-regulated, they are not available for owner-occupied residential properties.
Learn more about our Bridging Loans

Development Finance – Key Features

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  • Comprehensive Coverage: Funds typically cover land purchase, professional fees, and build costs.
  • Staged Drawdowns: Capital is released in phases, usually against certified expenditure.
  • Tailored Structures: Designed around project timelines, often short- to medium-term in duration.
  • Market leading LTV’s up to 75%.
  • We typically fund 75% of land purchase costs and 100% of construction/development expenses
  • Loans from £100,000 to £2,5m.
  • Expert Team & Relationships: We work with expert surveys who work closely with Developers to ensure funds are delivered promptly through the construction phase aiding cashflow.
  • Transparent and Responsive Service: With fast decision-making and clear dialogue, we support borrowers from initial enquiry through to delivery and repayment.
  • Unregulated Product: these Bridging loans are not FCA-regulated, they are not available for owner-occupied residential properties.
Learn more about our Development Finance

Recently Funded Projects

  • 5 October 2026

10 Day Turnaround for Refurbishment Finance in Sheffield

Funded:

£180,000

Location:

North

Property Type:

Residential

Funding:

Refurbishment Loan

Read article
  • 18 September 2026

£1.3m Refinance & Capital Raise in Cumbria

Funded:

£1.3M

Location:

North

Property Type:

Commercial

Funding:

Bridging Loan, Capital Raise

Read article
  • 14 September 2026

Empowering First-Time Investors with Agility and Speed

Funded:

£230,000

Location:

North East

Property Type:

Residential

Funding:

Refurbishment Loan

Read article
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Fast, flexible property finance

Our experienced team are here to help. Get in touch today.

  • 01942 295 982
  • enquiries@senecabridging.co.uk
  • 9 The Parks, Haydock, WA12 0JQ
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Copyright © 2026 Seneca Partners Limited. All rights reserved.

Seneca Bridging’s lending products are not regulated by the Financial Conduct Authority. Seneca Bridging Limited is registered in England and Wales (Company No. 05871960). Seneca Bridging Limited’s registered office is 9 The Parks, Haydock, WA12 0JQ.

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