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.