- 24th May 2022
- Posted by: DMM
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This case study is particularily interesting, this example of bridge finance in Scotland was set in the most spectacular location. This project comprised the conversion of a large detached Victorian house of some 8,200sqft back to a four bedroom family homewith with stunning views over the Clyde Estuary, and the Isles of Cumbrae & Bute.
Funding Headlines:
- Project Location: Skelmorlie, Scotland
- Funding Type: Bridge finance
- Facility: Around £250,000
- Facility Period: 18 Months
- Exit Route: Refinance
- Security: 1st charge
Advantages of Bridge & Refurbishment Funding
- Bridging finance is fast enabling developers to respond quickly
- Completion can be as fast as 7 days
- Terms from 3 months +
- Rates from 0.49%
- Used for auction purchass and acquiring site without planning consent