Case Studies

(More to follow)

Case Study One:

An experienced residential developer acquired a part-built development, to build 6 detached houses, 3 of which were complete aside from final fix and practical sign off, and 3 of which were water tight but interior works hadn’t started.
Bridgebank lent the developer £565,000 against the site value providing the developer with sufficient funds to complete the development project and to realise his Sales from holding deposits.
The “Offer to Completion” process was complete within 10 days – a 3 month bridging loan which was fully repaid 3 weeks early!

Great deal, happy days! We’d like to see more like this!

Case Study Two:

A nice little Buy To Let investment deal completed within 10 days. This is quite rare nowadays as generally bridging loans are taking longer to complete. We lent 60% LTV on 2 residential investment properties where the borrower had been badly let down by a competitor, who had dawdled for 2 months, causing the borrower to waste money on legal and valuation fees. The bridging loan was a genuine Purchase at Under Value case where we were happy to complete at 100% of the purchase price.

Fast effective bridging that helped a distressed borrower as a result of great teamwork by the case management team and solicitors!