A property investor required a substantial funding facility to execute a refinance and unlock capital from a large, unique holiday let asset located in Sedbergh. Working alongside trusted broker Chris Wilcox from Angel Finance, Paul Ratcliffe, Head of Business Development…
Can you refinance an existing short-term lender when a valuation falls short? Yes. At Seneca Bridging, we specialise in overcoming complex underwriting hurdles by looking at the bigger picture, allowing us to deliver bespoke bridging loan facilities even when initial…
Our Borrower, a seasoned builder and property developer with vast experience in the UK property and investment sectors, required funding to support the purchase of a business park in Greater Manchester. The site, a former cotton mill with internal floor…
The Project The Client required a Bridging Loan to refinance their current Lender, to enable them to gain additional time to finalise a long term BTL mortgage. The Approach Following the valuation of the proposed security, we offered the Borrower…
The Project The Client approached us seeking a purchase and development loan to transform two neighboring properties into HMOs – a 6-bed and a 3-bed. The purchase price was £150,000, and the gross loan offered was £315,000. The Approach We…
The Project The Borrower, who had already worked with Seneca on a previous project, asked us to capital raise against an unencumbered property valued at £375,000. The Approach We structured a gross loan of £195,000 with a day one release…
The Project Our client required funds to capital raise against unencumbered land with planning permission, which was marketed for sale at £2,000,000. Our client required funds for business purposes. The Approach Time was of the essence in this deal and…
The Project The client, who had recently completed another case with us, required funds to support the auction purchase of a former bank in Lancashire. The Approach A quick completion on the bridge was needed to allow the client to…
The Project To support a well established and highly experienced team of property developers to purchase their next project in West Lancashire. The Approach Seneca has provided funds to aid the purchase of the property to allow time for them…
The Project Following the successful completion of a Seneca funded ground up development project, our client returned to us with a brand new scheme. On this occasion, funds were required to aid the purchase of a plot of land which…