Completed - £800K 2nd Charge Residential Investment Bridge Loan on a Luxury Detached House in Esher
Alburys Financialsis delighted to announce the completion of a £800K Residential Investment Bridge Loan on a luxury detached house in Esher, Surrey.
THE SCENARIO
Our client was an experienced property professional in both property development and investment. The security property was a luxury detached house set in a prime location in Esher.
The client required a 2nd charge loan to raise equity for the purchase of a new development scheme in Surrey. The exit being the sale of the property.
Essential requirements being maximum loan amount and ability to complete in a short timeframe of 3 weeks.
OUR SOLUTION
Security Value £2.5M
£800K Gross Loan
67% LTV
£700k Capital Raise
0.95% pm
12 months term
1.5% Arrangement Fee
Interest - Rolled Up
Exit - Sale of property
These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.
If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.