Bridging Loancase study

An experienced developer was introduced to us having  just completed the build of a block of 9 flats and now considering their next project.  However, our client had used their own capital for the purchase and build of the block of flats and so was unable to proceed with additional purchases.

With the sale of all the units estimated to take up to 6 months, we were able to assist by providing a bridging loan to release £1.5M of working capital.

With the availability of the £1.5M, our client was then able to proceed with acquiring their next development project whilst simultaneously selling the existing properties thus accelerating their overall profitablity.

Getting advice from Gareth at Cornerstone Finance was invaluable in helping us to fund our project. From start to finish, the advice offered was clear and simple to understand, the rates offered were the best we could find anywhere and overall the transaction was made very simple. Would definitely use Cornerstone again and would highly recommend to anyone.

Alice Selby
Property Developer

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