Light refurbishment, Caerphilly
Helping borrowers grow their portfolios.
Helping borrowers grow their portfolios.
Amount Funded:
£82k
PRoduct type:
Residential Bridging
Term:
6 Months
property:
Terraced House
exit:
Refinance
We've helped the borrower purchase this property as an investment property to add to their portfolio, where they will carry out light refurbishment works and modernise the home before letting. The two-bedroom terraced home is located in Abertridwr, next to local amenities and public transport links. It's in a good area where there is demand for housing.
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Amount funded
£1.6m
PRoduct type:
Commercial Bridging
term
7 months
property:
Commercial office
exit:
Refinance
Commercial Bridging
The funding supported the acquisition of a strategically located semi-commercial asset in Birmingham, giving the borrower the flexibility and speed required to purchase the property prior to setting up development finance to undertake the proposed conversion works. The borrower plans to transform a former office building into a high-quality residential block of flats comprising 75 apartments, including 42 x 1-bedroom and 33 x 2-bedroom units. Full planning permission has already been obtained before completion, enabling the borrower to move forward with the next phase of the project.
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