Reim completes £800,000 bridging loan

Reim Capital has completed an £800,000 residential bridging for a client looking to refinance existing debt for a London property.

The facility, agreed at 65% LTV, helped the borrower to refinance an existing loan for the two-bedroom townhouse, which will allow them more time to sell the property.

Mike Jones, sales director at Reim Capital (pictured above), said: “A standard transaction that was dealt with swiftly by the Reim team to ensure we met the deadline to refinance the existing lender. 

“Working with professional brokers on this transaction enabled us to complete in good time.”

In the first week of 2022, Reim Capital completed over £8m worth of residential bridging facilities. 

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