Working together for the second time, Vishal Dixit, senior broker at Arc & Co., has secured funding for a seasoned investor client to acquire a small portfolio of below-market value properties.
The borrower required £1.125m as a bridging loan to purchase the asset, which he intends to refinance onto longer term debt once works have been completed to increase the value.
The loan – provided by Ultimate Finance– represented 75% LTV and 95% of purchase price.
“The seller was offloading assets, providing an excellent opportunity for my client to get a great deal to add to his already significant portfolio.
“Bridging remains an excellent tool for scenarios in which the buyer has to act quickly and obtain maximum leverage.” – Vishal commented