Development exit bridge of two properties, Sunbury-on-Thames

Atlas Property Finance arranged a prompt developer exit bridge loan on 2 recently completed properties to repay off the development lender and allow our client further time to sell the properties on the open market. This was done within 2 weeks to ensure that the client was not penalised by any notice period fees with the current lender.

Property LocationSunbury-on-Thames
Amount Funded£1,150,000
Property TypeResidential
LTV60% of OMV (75% of 180 day value)
Client StructureProperty Developer