Funding 365 Delivers 75 percent LTV bridge at 0.67pcm
Funding 365 has delivered a 75% LTV £1.3 million residential bridge at just 0.67% per month to complete the purchase of 8 flats in Winchester.
The deal, introduced by Tapton Capital, enabled the borrower to acquire eight two bed flats in need of modernisation. Given the size of the loan and the scope for redevelopment, as well as the client’s breadth of experience and strong credit history, Funding 365 were able to complete the deal at 0.67% per month.
These highly competitive terms make it possible for the borrower to use their own funds for internal refurbishment work on all eight flats. The twelve month term of the loan also provides the time necessary to strengthen the tenancies in preparation for exit.
The loan is under Funding 365’s flexible Residential Bridge product, which offers tailor-made funding solutions of up to £10 million on residential properties in England and Wales, with no admin fees, exit fees or early redemption fees. All of their transparent products can be viewed on their website, www.funding-365.com/products
Read the full story here: