Seneca Bridging complete £1.5m Bridging Loan in South East of England

Funded:

£1,500,000

Location:

South East

Property Type:

Commercial

Funding:

Bridging Loan

The Project

An experienced property investor was introduced to use by one of regular introducers wanting Seneca’s help to release equity in their property portfolio.

The Approach

We provided the funds to help them acquire a plot of land to build their new business premises on to relocate into more modern premises that better suited their needs.

The Outcome

Regular communication between all parties saw the loan complete seamlessly with the client ready to start the project of building their new modern business premises.

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

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