Bridging Loans: Heavy Refurbishment
Heavy Refurbishment Bridging Loan: Uses
- Extensions
- Loft Conversions
- Moving load bearing walls
- Basements
Heavy Refurbishment Bridging Loan: Types of Properties Suitable
- Residential Properties
- Non Residential Property with PD or Planning for Conversion to Residential (i.e. Office, HMO's, Sui Generis to Residential)
- Multiple occupation (such as HMO’s)
- Properties in England and Wales
Heavy Refurbishment Bridging Loan: Loan Conditions
- Multiple security acceptable
- Retained interest or rolled up interest
- Adverse credit considered on a case by case basis
- Minimum Size £200k, maximium size £10 million
- Maximum LTGDV 65% 1st charge
- Maximum LTC 85%
- Interest rates from 0.% per month
- Experience will be required, pricing will vary accordingly
- Liquidity of the finished units is important, pricing will vary accordingly