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.
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“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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