Radstock £1.6M

Residential Bridge

Gross Loan

£1,672,240

Loan Type

Residential Bridge

Term

12 Months

LTGDV/LTV

63.1%

Annual Rate

8.004%

Monthly Rate

0.667%

The property comprises of a former brewery which was has already been converted into 25 residential units, a resident’s gym and a swimming pool. Avamore assisted the borrower with a Below Market Value purchase of the site.

The front end of the process was particularly quick with it only taking 1 week between indicative terms being issued and professionals being instructed.

The former brewery is located close to the M5 and each of the units benefit from access to two off-street parking spaces. The site is in close proximity to a range of primary and secondary schools, including independent schools, making it ideal for young families. 

“Avamore provided a strong and reliable service throughout the process. The team’s robust knowledge of the industry and their complete transparency led to the borrower feeling very comfortable with the deal.”

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