Case Studies - West One Specialist Lending | Bridging loans (2)

Bridging loan for refurbishment secured in just 7-working days

May 30th, 2023

 

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 Size£154K
LTV50%
Rate0.99%
Months12
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Bridging loans