At NapeX Finance we thrive on specialist and complex cases.
Client Requirement:
Our client required a facility of £300,000 to repay a bridging loan against a valuation of £750,000.
The loan was needed to repay an existing bridging loan which was used to build out the holiday lodges and sell the lodges to the public.
The Interesting Stuff:
Finance was provided by a challenger bank over a 25 year term at 6%.
The client will be moving onto the next phase of the site and we have built a long-term relationship with the lender with this being the 3rd facility over the last year.
For more information on property finance for businesses please go to http://napexfinance.co.uk/property-finance/business-mortgages/
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