Bridging Loan To Purchase And Convert Swindon Care Home Into Flats
Scenario:
A client was referred to us due to delays caused by their existing finance provider.
The client had committed to purchasing a former care home in a Victorian house in Swindon and was required to complete the transaction in 7 days. The client was looking to convert the house into private flats.
Solution:
To ensure the client did not lose the fund already invested in the project we had to act swiftly.
We were able to have an offer for a £190,000 bridging loan with the client’s solicitors within 72 hours, providing the client with the best chance of securing the property.
Our client was able to complete on the property purchase, ensuring their project faced no further delays.
Luther Yeates
Finance Broker
Bristol
0117 244 5561
Have a similar situation? I am a specialist in residential and investment property finance for UK and international clients. I look forward to hearing from you.
James Palmer
Senior Associate
London
0203 900 4322
Have a similar situation? I specialize in development and commercial finance and can provide creative solutions for your property funding requirements.
Sam ONeill
Senior Finance Broker
Bristol
0117 959 5094
Have a similar situation? I specialize in bridging finance and can provide creative solutions for your property funding requirements.
Robert Gibb
Senior Finance Broker
Bristol
0117 959 5094
Require mortgage or short term finance for residential or buy to let property (including HMOs and limited companies)? I have extensive experience on providing property finance solutions for UK and International clients.
Adam Arnott
Senior Associate
Bristol
0117 205 0214
Are you in a similar situation? I have extensive experience in advising clients on providing creative property finance solutions. I look forward to hearing from you.