Bridge Loan to purchase an office block with PD consent, Nottingham

We secured a Bridge Loan on the purchase of an unmodernised office block with PD consent. The borrower was to use all the funds towards the acquisition and workup planning to build further units on the car park, before we moved the client into a development facility to commence the works.

Property LocationNottingham
Amount Funded£420,000
Property TypeOffice with PD
LTV / LTPP70%
Client StructureNew Company SPV

We also provided development finance for this project, once planning for the additional units had been granted. Click here to read more.