Bridge Invest

Bridge Invest lends over £8m in Q2

Bridge Invest has provided over £8m in lending in Q2 2018 across a number of deals in England and Wales.

The boutique lender has continued to expand its scope and grow its loan book significantly as it has completed loans in a number of major cities, including London, Birmingham, Manchester and Leicester.

These deals included £500,000 to support the acquisition of a petrol station in Birmingham.

The bridging lender completed a £1.1m gross loan to refinance an 18-unit apartment block in Manchester.

Bridge Invest also completed a £700,000 refinance deal in Leicester for a mixed-use restaurant with planning for residential uppers.

This loan consisted of £500,000 for the refinance of the scheme and £200,000 to undertake conversion works (subject to planning permission).

Bridge Invest rounded off the second quarter of 2018 with the completion of a £500,000 loan for working capital secured against industrial land and a former farmhouse in Essex.

Vivek Jeswani, co-founder of Bridge Invest, said: “We continue to see strong growth in demand for bridging loans spread across commercial, residential and mixed-use assets nationwide.”

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