Bridging loan case study
Bridging Loan to Raise Capital and Consolidate Debt
Discover how ABC Finance bridging loan experts helped this client secure a bridging loan to improve cash flow and consolidate debt.
The loan
Location
London
Capital raised
£227,500
How funds were spent
Debt consolidation, Improved cash flow and vehicle purchase
The request
Our client was struggling financially, he approached us as he wanted to consolidate all debts whilst he sold his home to allow him to re-build his credit profile as he had accrued missed payments.
He also wanted to raise capital to allow him to purchase a vehicle as this was stopping him from being able to work.
The solution
We discussed his situation with the lender, they were happy to take a view and offer a first charge regulated bridge to enable him to repay his mortgage and debts with a surplus to purchase a vehicle and as an added bonus, funds to cover bills until he finds work.
This gave him financial breathing space and allowed him to start re-building his credit profile straight away.
Upon sale of the property the bridging loan will be repaid and the remaining equity used to downsize when the time is right.
2% lender fee, 1.05% per month interest rate.
Lee Hemming
Sales Director
Talk to Lee about bridging loans for raising capital and consolidating debt
If you’d like to find out how ABC Finance can help you finance any type of bridging loan, get in touch with Lee today.
Lee Hemming is a specialist bridging loan advisor at ABC Finance with years of experience arranging the right finance solutions for our customers. Call, email or contact ABC Finance today to learn more.
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