• Location
    Weymouth
  • Value
    £750,000
  • LTV
    72%
  • Loan Amount
    £532,000

Weymouth Residential Bridging Loan: Empowering a Developer’s Vision

 

The Issue

In Weymouth, an adept residential developer sought a tailored financial solution—a Residential Bridging Loan. The lending need was clear: the borrower required swift access to capital against two flats within a block of residential flats to fund their development project. This combination of funds aimed to enable the prompt exit and repayment of outstanding finance related to a separate development project, while simultaneously providing essential working capital for ongoing and future projects.

 

The Remedy

Understanding the urgency and specific requirements, Alternative Bridging provided a Residential Bridging Loan secured against the two flats. Valued at £750,000, the loan amount of £532,000 was structured with a Loan-to-Value (LTV) of 72%. This strategic financial move empowered the borrower to efficiently manage outstanding financial commitments and secure the necessary working capital for their broader project portfolio.

Our collaborative approach ensured not just financial support but a partnership aligned with the Borrowers’ vision. The development itself, comprising 6 x 3-bed apartments and 2 x 3-bed maisonettes, stands as a testament to the commitment to high-quality construction and design.

 

The Outcome

The result is a stylish and brand-new development in Weymouth’s sought-after residential area. Boasting luxury fittings, contemporary design elements, and a prime location, the property not only meets but exceeds expectations. With a Loan-to-Value ratio of 72%, this Residential Bridging Loan has not just met their immediate financial needs but positioned the foundation for a successful residential development journey.

Our residential bridging loans offer short-term financing for various investment properties, available to individuals, partnerships, companies, and LLPs. With loan terms up to 24 months, we enable residential purchases, refinancing, property improvements, and working capital for further investments. Our efficient decision-making process, coupled with positive testimonials, reflects our commitment to quick and stress-free residential funding. Explore our Berkshire case study and broker testimonial from Henry Watkinson for another firsthand account of our success.

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