Key Points:
3 bedroom period basement apartment
£220,000 purchase price
£100,000 refurbishment costs
£550,000 GDV
Purchase completed in 4 weeks.
Day 1 bridging loan funded at 75% LTV, then draw down facility put in place for up to 75% of GDV.
We went to multiple different brokers with this deal before speaking with Broad Oak, who offered terms within hours, and then were able to put the funding in place for us within a couple of weeks, in line with our quick completion timescales. Fantastic service, highly recommend.
Innocent Group
