Newport/Cardiff £1M

Residential Bridge

Gross Loan

£1,020,000

Loan Type

Residential Bridge

Term

12 Months

LTGDV/LTV

58.1%

Annual Rate

8%

Monthly Rate

0.66%

This bridge involved two mixed use properties with over 50% of residential space in both Cardiff and Newport. The property in Cardiff comprises of 7 self-contained apartments above a ground floor shop.

The second building in Newport includes a café, a 1-bedroom flat and a 6-bedroom HMO. Both properties lie within close proximity to their respective local train stations allowing quick access in and out of the city.

Considering the location of these properties, this will have a strong appeal to young professionals looking for city centre living.

“Working with Avamore was excellent from start to finish. They took a simplistic approach to a complex case and made the process as smooth as possible. The speed and decision making of the deal at the front end was impressive and they followed up with a proactive and positive attitude throughout. It was clear that the team have a can-do attitude along with a genuine desire to get the deals done.”

Share:

Share on email
Share on twitter
Share on linkedin
Share on facebook

YOU MAY ALSO LIKE TO VIEW

Refurbishment
Ground Up
Residential Bridge