Bridging loan case study
Second Charge Bridging Loan for Business Investment
Discover how ABC Finance bridging loan experts helped this client secure a second charge bridging loan for commercial investment property.
The loan
Location
South Wales
Capital raised
£30,000
How funds were spent
Investment property purchase
The request
Our client is a property investor and needed to raise £30,000 quickly to inject into another property investment purchase, the delay in the sale of his current property meant he would likely miss out on the opportunity.
The opportunity was very profitable for the client, so it was important that they did not miss out due to not being able to come up with the money quickly.
The solution
We were able to secure a £30,000 second charge bridge against his current property, valued at £150,000 with a £70,000 first charge mortgage. This allowed him to allowing him to re-invest his funds whilst the sale went through.
When the sale completes the loan will be repaid.
2% lender fee, 1.25% per month interest rate.
Lee Hemming
Sales Director
Talk to Lee about bridging loans for commercial investments
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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