Ronak Ruparell

Bridge Invest completes £870,000 loan for modular park homes

Bridge Invest has provided an £870,000 loan on a modular park home estate in Lymm, Cheshire.

The estate — which is valued at £1.8m — comprises 13 modular park homes developed on a brownfield site.

The loan will be used to extend the borrower’s sale period, giving them time to market the properties.

“The beauty of this loan is that 80% of the sale proceeds from the properties will be used to pay down the loan, effectively lowering the LTV throughout the course of the loan — having actually had a sale complete on day one,” said Ronak Ruparell, co-founder and CEO at Bridge Invest (pictured above).

“At Bridge Invest, we do not shy away from modern construction practices, especially when the sales give clear evidence of demand.”

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