Existing client based in the Home Counties successfully developed 43 2 and 3 bedroom houses in a desirable market town. With the last few units remaining the client wanted to release equity in which to purchase another site for future pipeline.
Julian arranged an Exit Bridge so that the client would not pay unnecessary fees when disposing of the remaining units. The facility was 70% LTV at 4.9% for the first 7 months attracting no ERC’s or exit fees. This was the most cost effective solution when comparing against a BTL product, whilst ensuring liquidity for the client.
Loan size £1,760,625
For more information about this Exit Bridge solution, please contact:
Julian King
Asset Finance Advisor
Office: +44 (0)203 205 2190
Mobile: +44 (0)773 445 7547
Email: julian@arcandco.com