Bridging Loan To Complete Property Development In Devon

Area
Devon
Capital Raised
£125K

Scenario

The client approached us having run out of funds on a property development in Torrington, Devon which was 90% complete.

Solution

As the client had progressed the build to a wind and water tight standard we were able to broker a deal to refinance him onto a light refurbishment finance product which meant the client was able to significantly reduce the rate of interest he was currently paying by nearly 50%, saving him thousands of pounds.

We brokered a 12 month deal to allow the property to be completed and the client used the money he saved as a deposit for his next land purchase.

If you have a development which you have progressed to wind and watertight stage and you require additional funds to complete the project we can often source a solution that will pay off your existing lender and move you onto a deal where you are paying considerably less in monthly interest as well as raising additional capital. Contact us today.

"Used Clifton for bridging finance excellent service from Sam O'Neill highly recommended"

Client Testimonial - April 2018

Jack Spillane

Finance Broker

Bristol

0117 959 5094

Is your situation similar to this? I specialise in helping clients who need creative development finance solutions, and second-charge mortgages. Give me a call any time and we can set up a detailed discussion of the finance you need.

Mathew Phillips

Finance Broker

Bristol

0117 959 5094

Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.

Alex Chambers

Senior Finance Broker

Bristol

0117 403 4324

Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need.

Luther Yeates

Senior Finance Broker

Bristol

0117 244 5561

Are you looking for a similar type of property finance? I have extensive experience finding residential and investment property finance for UK and international clients. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.

Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

Is your situation similar? I am a bridging finance specialist at Clifton. I can find a quick, cost-effective solution for the funding you're looking for.

Robert Gibb

Senior Finance Broker

Bristol

0117 959 5094

Are you looking for mortgage or short-term finance for residential or buy-to-let property (including HMOs)? I have extensive experience in finding property finance solutions for UK and international clients, both as individuals and limited companies. Please give me a call and let me see what I can do for you.

Adam Arnott

Associate Director

Bristol

0117 205 0214

Is your situation similar to this? I have extensive experience of advising clients who need creative property finance solutions. Please get in touch and we can arrange a time that suits you for a detailed discussion of your requirements.

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