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Commercial Loan
Advance required to repay an existing loan
Location - Glasgow
Property Value - £850,000
Loan Amount - £550,000
Loan Type - Commercial
LTV - 64%
Lending need:

An advance to well-established, local business people to repay an existing bridging loan and to raise the equity for the purchase of an additional investment property.  Repayment will be by long-term refinance of both properties.

Result:

A Scottish Grade A listed building in the main shopping area of Glasgow City Centre let to a major charity and trading as a charity book shop.

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