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Bridging finance

Bridging loan to facilitate commercial conversion

  • Commercial unit into four flats
  • £600,000 loan required
  • Portfolio to be used as security

An existing client wants to purchase a commercial unit as a cash buyer. They intend to complete heavy refurbishment works to convert the building into four self-contained flats to add to their existing buy to let portfolio, but they don’t want to use their own home as security.

Their buy to let portfolio is worth around £2.6m and they need to quickly secure the £600,000 to ensure they don’t miss out on the property.

Our bridging finance proposition allows the client to use their property portfolio as security. With no upfront costs and a speedy turnaround, they’re able to access the funds they need to get the best price on purchase and once the refurbishment works are completed they’re able to exit on to a long-term deal.

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This information is for mortgage professionals only and not intended for use by the general public. All rates, programmes and pricing are subject to change at any time and without prior notice. Mortgages are subject to valuation and approval.