First Deal of the Week - Last Week: Case Study

We secured a £645,000 development loan. It involved providing 100% funding for our client for the purchase and development works, alongside additional security.

The team at Bridging Finance 247 found the client a suitable lender, who could meet his requirements of not having to put any cash into the deal for the purchase price. This helped with his cash flow for other related expenses involved within the transaction, including legal fees and stamp duty.

The client’s exit plan is to refinance the flats on to Buy-To-Let mortgages as soon as possible. Mint Bridging ensured he had no exit fees within the deal, so if he can turn the project around quicker, he will not be penalised for this.