Short Term Commercial Loan To Purchase Property & Land In Reading For Development

Area
Reading
Capital Raised
£1.3M

When a great business opportunity comes along, short-term bridging finance can be an excellent way of securing funding fast to secure a deal.

The Scenario:

Our client approached us to arrange a short-term finance facility in order to buy a property in Reading in need of major renovation, as well as a plot of land nearby with a single bungalow. The land already had outline planning permission for the construction of several houses.

He needed a loan of £1.3M quickly, to secure their opportunity to purchase.

The Solution:

The client was able to offer security in a gym business and a commercial unit owned in Reading, both rented out. He had considerable equity in both assets - the loan to value was less than 50%. Using this, we were able to leverage short-term funding at a very favourable rate, secured over a nine-month term.

We were able to set up the loan facility in less than 10 working days.

Are you needing similar short-term commercial finance? Call our team to discuss your options:

0117 959 5094 

And read our blog about business loan finance »

 

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.

Contact Us