Case studies: Bridging loans in London

In the months since lockdown restrictions eased we have been seeing deals almost as diverse as England’s capital.  

Here are the examples of some high-value bridging deals we have completed inside the M25, including a capital raise, acquiring a property for refurbishment and refinancing ahead of a Buy-to-Let mortgage.

——-

New Malden

A loan to acquire a security property ahead of refurbishing it in line with existing planning permission. This includes a two-storey side extension and single storey rear extension. 

Following refurbishments the borrower’s exit strategy is to sell with a vastly increased sale value. 

Loan amount: £525,000

LTV: 75.00%

——-

Hampstead

Loan to refinance two properties already on our books. The client was given a three month extension before they transitioned onto our Buy-to-Let products but were unable to split titles in time. 

We refinanced them onto another bridging loan and remain ready to transfer them to Buy-to-Let. 

Loan amount: £905,925

LTV: 39.39%

——-

Feltham

Capital raise on a plot of land for borrowers whose business strategy is planning gain. 

They acquired the land three years ago and had sold part of it off, now needed a capital raise on the remaining land to purchase other properties for the same purpose. Exit is sale of the land with planning attached. 

Loan amount: £3,000,000

LTV: 60%

——

To see our full range of bridging products, see our intermediaries and borrower product pages.