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HERTFORDSHIRE - £400,000 A short term loan secured against two houses which form part of a residential development site assembly. The loan has been utilised for the purchase and will be repaid when the borrower gains Planning Permission for the entire scheme.
LONDON - £2.3M Bridging loan negotiated and completed within one week to refinance a home loan. The loan was secured on a prime North-West London residence and was utilised for business purposes by the borrower pending resale of the property.
BELPER, DERBYSHIRE - £3.85M A commercial investment valued at £5.5m for which a loan of £3.85m was provided to assist with the purchase. An investment term loan was negotiated with a building society to refinance the bridging loan.
MANCHESTER - £3.75M A loan of £3.75m secured against redundant office and light industrial buildings valued at £5.2m for which Planning Permission had been granted for a substantial residential development. The loan was repaid by way of a development facility.
WOLVERTON, BUCKS - £1M Two retail investments near Milton Keynes valued at £1.45m. A loan of £1m was provided for a period of three months during which time the investment was refinanced via the borrower's long term building society facility.
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