This included a £2.4m facility secured against offices in Birmingham’s jewellery quarter.
The bridging lender also provided a £1m loan secured against a house in Holloway, a £618,000 facility secured against a house in Surbiton and a £685,000 loan secured against a mixed-use property in Isleworth.
- Bridge Invest lends over £8m in Q2
- Bridge Invest completes £2.3m bridging loan
- Regulated bridging lending hits lowest level since 2015
“Contrary to the seasonal downturn we would expect in August, the number of enquiries for short-term loans shows no sign of abating,” said Ronak Ruparell, CEO at Bridge Invest (pictured above, right).
Commenting on the £2.4m deal, Vivek Jeswani, chief investment officer at Bridge Invest (left), added: “This was a challenging deal for us given there were a number of buildings with 30 separate tenancy agreements.”
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