Quick Summary: Seneca Bridging provided an £180,000 gross facility (£116,000 day 1 completion funds plus a £40,000 build cost facility) for the acquisition and light refurbishment of a 3-bedroom semi-detached property in Nottingham. The direct deal completed in around 3…
Q: How can property investors speed up the completion of a complex commercial-to-residential heritage conversion? A: By leveraging tailored fast-track solutions. For a recent £390,000 purchase and development facility in Kidderminster, Seneca Bridging utilized dual legal representation to accelerate the underwriting process and…
Another super introduction from Chris Wilcox at Angel Property Finance that needed to be turned around quickly. £150,000 net loan. £132k to repay existing borrower plus £8k capital raise for business costs. 10 day turn around from initial introduction to…
An ever-changing case that needed lots of input from Client, Broker and professional teams alike. £1,050,000 net loan for renovations and development, Client purchasing the property and land. Helping a developer, with funding for the refurb of a 5 bed…
The Project The purchase and refurbishment of a 2-bed house in Birmingham. We were originally approached to fund the conversion of a 2-bed house into 2 x 1-bed flats, however after the valuation report indicated that the venture was not…
The Project The Borrower required funds to aid the purchase of a semi-detached property in Nottinghamshire in need of light refurbishment. The Approach The Property was purchased at auction and therefore required a quick completion. The Outcome Working closely with…
The Project The client required funding to support the purchase of a spacious bungalow in Nuneaton. The Approach The client wanted to use their own funds to convert the property during Seneca’s loan term, Seneca therefore instructed a GDV report…
The Project Seneca were approached to provide the funds for both the purchase and conversion of a former pool house in Coventry. The client had plans to turn the property into a spacious four-bedroom dwelling in accordance with planning permission.…
The Project The developer required a funding package supporting the purchase of a large terraced house in Derby and funds towards the renovation and conversion of the property into a 6 bed HMO which consisted of 1 x double room…