RESIDENTIAL BRIDGing finance, Oxford
Loan to complete a residential project secured against existing development loan
GROSS LOAN: £279,818
LTV/LTGDV: 62.18% LTV
EXIT FEE: 0%
LOCATION: CROSBY, LIVERPOOL
duration (term): 12 months
We were delighted to have secured a residential financing package for this new-build detached house in Oxford, housing 3 bedrooms and 2 bathrooms, at £450,000.
The funds supplied in this deal are required to refinance an existing Pivot development loan now that the property has received sufficient sign-offs.
Exit: Bridging finance was the perfect solution for this project instead of a mortgage, as the borrower's exit strategy is to sell this property.
This property is already listed on Rightmove.