Securing an auction purchase with Bridging Finance
Securing an auction purchase with Bridging Finance
Discover how we supported the purchase of a property at an Auction with the right funding through a Bridging Finance solution.
Transcript:
After securing a block of flats in Yorkshire at an auction, this property investor reached out to a broker to help them find a funding partner that could quickly provide the funding they needed to complete the purchase.
With tight timelines, it was essential that they find a lender that could work quickly to provide the facility within 30 days or less. Regional Director, Laurence Trevaskis worked with the broker and the client to tailor a £200k Bridging Finance facility.
Laurence explains “Despite facing some challenges, we were able to offer a solution quickly and efficiently.”
“The property investor now aims to extend the lease on the asset to increase its value and refinance with a term lender. They are also looking to increase the rental yield to reflect current rental value.”
With our funding solution in place, they can now continue on their growth trajectory as they work on future projects, which we look forward to supporting them with.
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