Bridging Loan To Refurbish London Dental Practice

Area
London
Capital Raised
£825K

The Scenario:

Our client owned a mixed-use property in South West London, where he had his dental practice on the ground floor and lived in the flat above.

The opportunity came up to buy the premises next door. Our client wanted to move his practice next door, refurbish his existing property and sell it on. He also wanted to renovate the new property to install his dental practice and rent out the flat above, with the view to selling his dental practice when he wanted to retire, and keeping the accommodation for rental income.

He needed to borrow more than the purchase price of the new premises to cover the refurbishment costs of both properties. 

The Solution:

Although the situation was complex, it was made more straightforward because the residential element of the property was less than 40%.

We found a lender who was willing to work on a 63% LTV on the property he already owned, which equated to £825,795, and allowed our client to complete both the purchase and refurbishment. 

Are you in a similar position? To discuss your finance options call our team on:

0117 959 5094

And read our blog about business loan finance »

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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