Reim Capital provides £3m bridging loan within 10 days



674_2021-10-11-04-51-54pm.gif
Reim Capital has completed a £3m bridging loan within 10 days for an unencumbered commercial asset in the west Midlands.

The client required the funding — agreed on a six-month term — to refinance the multi-storey office block to release equity.

The exit plan will be a refinance onto a commercial term mortgage.

Amar Khiroya, principal and co-founder of Reim Capital, said: “We’re delighted with the continuous expansion of the portfolio into the Midlands. 

“The team have worked extremely hard and we’re proud to have completed within 10 days.”

In May, Reim Capital revealed it lent £25m in the first five months of 2021, surpassing £50m of total lending since launch.

Leave a comment