Bridge Loan in Devon Case Study

This case study demostrates how a bridge and refurbishment loan enabled our developer client to quickly secure an opportunity together with funding to complete necessary works.  The client owned a former foreign language school with planning to convert to flats and was acquiring two further properties.

Funding Headlines:

• Project Location:  Exeter, Devon
• Gross Facility:  Around £550,000
• Funding Type: Bridging and refurbishment
• Purpose of Loan:  Refinance and equity release
• Facility Period: 6 Months
• Exit Route: Refinance to BTL

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

Are you seeking Bridge & Refurbishment Funding?

If you have a project for which you require bridge and refurbishment funding, then contact Developer Money Market to see what options may be available.

You can search instantly here using our loan comparison platform and take advantage of our full application support.

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