Ronak Ruparell

Bridge Invest completes £3m bridging loan in South Kensington

Short-term lender Bridge Invest has completed a £3m bridging loan in prime London to a UK limited company in under three weeks.

The 12-month loan was agreed at 65% LTV at a rate of 0.7% per month.

The facility was provided to acquire a residential investment property in South Kensington, London.

Ronak Ruparell, chief executive at Bridge Invest (pictured above), said this was another great completion for the company.

“Bridge Invest is establishing itself as the de facto provider of residential loans in prime and super-prime London,” he stated.

He claimed that, after lockdown, the lender had seen a “notable increase” in enquiries for prime central London.

Ronak said Bridge Invest currently has £53m of “jumbo” prime central London loans in the pipeline.

“Unlike lenders that have restrictive bank funding lines, our funders — which include family offices — allow us to compete in the jumbo loan space.

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