Bridge Invest

Bridge Invest closes £660,000 deal in one day

Bridge Invest has completed a £660,000 bridging loan within one business day from enquiry.

The client, a BTL investor, required the facility to acquire a residential property in Westminster, priced at £1.1m.

The borrower required the funds quickly, as they were let down by their previous lender two days before their deadline to complete the purchase.

The bridging facility was agreed at 60% LTV on a six-month term.

Vivek Jeswani, chief investment officer at Bridge Invest, said: “After conducting a site visit ourselves, we estimated that the value was the same as the purchase price.

“This is a record deal for us in terms of speed, and we are glad that our borrower did not lose their deposit.”

Leave a comment