Property purchase, Buckinghamshire
The borrower needed a quick completion after their previous lender let them down, and that's where we stepped in!
Amount Funded:
£114k
PRoduct type:
Residential Bridging
Term:
9 months
property:
Ground floor flat
exit:
Refinance
The borrower is an experienced property investor and landlord. They've purchased this two-bedroom ground-floor apartment in Aylesbury, Buckinghamshire, which is in good condition and has a good link to commute to London, which will attract tenants to the property.
Broker review:
Thank you to Shahed and his team, who work effortlessly on the bridging case. Shahed had been the most helpful person, and he is a crown jewel for any organisation to have. The case went down to the wire and was touch-and-go for completion to take place before Christmas break for the clients and meeting the auction deadline at the same time. I look forward to working with Shahed again on other cases. - Ujjwal Malik
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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.
