Case Studies - West One Specialist Lending

Bridging loan for refurbishment secured in just 7-working days

Written by West One Loans | May 30, 2023 9:30:00 AM

 

Even the most experienced property investors with previous refurbishment and sale experience can find themselves in pressurized scenarios where they require a quick financial solution.

Bridging loans are flexible in their nature, therefore as long as a borrower can provide the right security behind an application, a suitable exit strategy, and any required legal documents, they could receive the finances in a short-time frame allowing them to overcome their specific challenges.

This case study not only demonstrates West One’s ability to adapt and get comfortable around deals in short-time frames, but also how their approach can be flexible in allowing borrowers to secure finance using multiple properties, as such, in this case a borrower used three properties in order to secure a bridging loan.

  • Loan value
    £154,000
  • Property Value
    Property One 1st Charge: £182,000
    Property Two 1st Charge: £190,000
    Property Three Equitable Charge: £417,000

  • LTV
    50.81%
  • Rate
    0.99%
  • Loan term 
    12-months 
  • Application to completion:
    7 days