Wigan – £540k

£540k bridging loan

Gross Loan

£540,000

Loan Type

Bridging

Term

12 months

LTGDV/LTV

67.5%

Annual Rate

0.56%

Monthly Rate

6.75%

One highly experienced Developer with a comprehensive portfolio of over 20 properties, required a bridging loan for a scheme close to Wigan. The project consists of four identical new-build houses configured as two semi-detached properties, each with three bedrooms.

This financing not only allowed the Borrower to pay off an existing loan but also enabled them to access equity for purchasing an additional development site, also supported by Avamore.

We look forward to working with them on more developments in the future, as they showcase their expertise on these forthcoming projects.

YOU MAY ALSO LIKE TO VIEW

Development
Development
Bridging