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