Bridging Facility to Start a Development
- Client
- Property development company
- Finance type
- Bridging
- Amount
- £332,500
- Lender
- HNW Lending
- Outcome
- Completed in 6 days
- Commission
- £6,650
- Location
- Kent
- Lead source
A property development company wanted to forward-finance the start of a development site and get spades in the ground. The complication was adverse credit on file, which ruled out a lot of the mainstream options.
We structured the case as a valuation-only loan and placed £332,500 of bridging with HNW Lending, completed in six days. The client could start on site while the wider funding for the scheme came together.
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