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The brief
Our solution
Broker comment
We delivered a development exit bridging loan at our highly competitive interest rate of 0.64% per month to provide the borrower with ample time to sell the houses individually. We also factored in additional funds for future projects.
The client needed to exit their maturing development facility but required extra time to market and sell their three newly converted barns.
"It's a tough market for developers. Working with lenders like Funding 365, who provide competitive products and a seamless service throughout, makes all the difference in relieving that pressure. Thank you to Allegra, Katie and the team for their efforts in getting this one over the line." Kieran Payne, Aureum Finance
£1,600,000
63% LTV
0.64% PM
£1.7 MILLION
62% LTV
0.79% PM
12 MONTHS
12 MONTHS
DEVELOPMENT EXIT: 3 CONVERTED BARNS IN SURREY
CASE STUDY
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