Why we’re taking a bespoke approach to your refurbishment GDV deals
Written by Luke Stevenson
See all of our product details on our bridging page, and learn more about our GDV products by downloading our rates guide.
By Leanne Ardron, Head of Bridging Finance
Earlier this month we announced a new addition to our product suite.
Our Refurbishment GDV is a bespoke facility for your investor clients looking at heavier refurbishments, with funding released through three drawdowns – delivered in 24 hours – over the lifetime of the deal.
From £100k – £1.5 million, this meets an essential need in the market for investors and developers looking to add value through more complex refurbishments which aren’t supported by a refurbishment bridge, but aren’t big enough for a development facility.
But why have we opted to split our products in this way, and what benefit does it offer you and your clients?
Building a deal around you
Yes, I know, ‘everything built around you’ is the oldest line we (and everyone else) uses when trying to advertise a bespoke approach to complex lending.
But, you know why? Because building a deal around you is what we do.
While deals through the portal are built around speed, quick decisions and fast funding, we know with these projects the speed isn’t as important as making sure it is the right deal, structured in a way that suits your clients.
That’s why:
- Every enquiry and application is manually reviewed by a mandated member of our bridging team, to know we’re in the best place to support you
- Our underwriters manage the deal to completion
- You are then handed over to our experienced portfolio management team, who work to deliver your drawdowns within 24 hours.
There will be a time for bringing this product online in the same way we have done with all of our bridging products, but for now the success of these deals relies on understanding.
To borrow our own cliché, it is about building the deal around you.
See all of our product details on our bridging page, and learn more about our GDV products by downloading our rates guide.