Bridging out of a Bridge & Funds for Renovation
The property was in a shell condition internally and the client was progressing with a comprehensive scheme of modernisation.
There was an existing short-term loan already in place for the property that was approaching the end of its term. Additional funds were urgently required in order to complete the renovations. We provided a loan of £390,000 against an OMV of £600,000 within 14 days.
“Our funds ensured the client had the necessary time and finance to complete the project and maximise the selling price of the property.”