Loan given for the purchase of a mixed-use property

Funded:

£130,000

Property Type:

Semi-commercial

Funding:

Bridging Loan

The Project

The Borrower approached us seeking a loan for the purchase of a mixed-use property, comprising of a retail unit and living accommodation with purchase price of £180,000. No refurbishment or additional works were planned for the property.

The Approach

We offered a gross loan of £130,000, with a day one release of £116,000 which structured at 64% LTV. This resulted in a LTGDV of 72%, providing the borrower with flexible financing over a 9-month term.

The Outcome

The loan ensured a smooth purchase of the property and enabled the Borrower to secure this mixed-use property. Our ability to promptly fund this acquisition showcases our commitment to providing quick and efficient lending solutions.

Bridging Loans – Key Features

Loading...
  • 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

Recently Funded Projects

10 Day Turnaround for Refurbishment Finance in Sheffield

Funded:

£180,000

Location:

North

Property Type:

Residential

Funding:

Refurbishment Loan

Read article

£1.3m Refinance & Capital Raise in Cumbria

Funded:

£1.3M

Location:

North

Property Type:

Commercial

Funding:

Bridging Loan, Capital Raise

Read article

Empowering First-Time Investors with Agility and Speed

Funded:

£230,000

Location:

North East

Property Type:

Residential

Funding:

Refurbishment Loan

Read article