Seneca Bridging complete £500,000 bridging loan for a residential property in rural Wales

The Project

A family that are relocating needed re-finance of a residential buy-to-let property. A complex deal consisting of a farmhouse, pastureland and outbuildings all in a rural location near the Brecon Beacons.

The Approach

We had to have a flexible approach consisting of several re-structures as the deal had changed numerous times over the underwriting period. Establishing a good relationship with the client, combined with our flexible approach was key to ensuring that all parties were satisfied with the project.

The Outcome

We provided the funds to clear the existing debt on the property, allowing ample time for the client to sell the property on the open market to achieve the best price. A great project with a satisfying outcome for everyone involved.