Prime London 2nd Charge Bridge Loan
Funding Requirement
Prime 2nd charge £840,000 Development Exit Bridge.
2nd charge bridge refinance of a part completed development in Holland Park, London – providing funds to complete the property and 12-month facility to the allow sale of property.
Location
The property based in the heart of Holland Park, London and had been refurbished to a very high standard with a small extension – taking the property from a 2-bedroom house to a 3-bedroom house.
A rare detached 3-bedroom property with a courtyard garden.
The Interesting Stuff
Our client had been let down by a new lender at the last minute, wWe reviewed our client’s needs and through our panel of specialist lenders we were able to immediately organise a fully credit-approved loan using the existing valuation.
3 weeks later our client had their funds enabling them to complete the last remaining works together with 12 months to sell the property.
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