Case study: Holiday apartments in South-West England
A client with a good proven history of refurbishments wished to purchase a block of 9 apartments in a stunning area in South-West England.
The main purpose of the bridging loan was to lightly refurbish and then refinance the properties into the client’s BTL portfolio.
The purchase price was £875,000 and the end value with refurbishment reached £1,400,000.
Our team could offer the client a Day 1 advance of £599,250, rolled for the term of the loan, which was 9 months.