The 58% LTV, nine-month term loan was completed in 10 days, with the exit currently planned through refinancing onto a BTL loan.
The loan was introduced by a new direct client.
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Amar Khiroya, principal at REIM Capital (pictured above, left) commented on the deal: "We are extremely delighted to get this deal over the line for a new direct client especially in just 10 days.
“We have built a strong reputation for delivering on higher ticket-sized loans and being able to do this deal in under two weeks is what bridging is all about."
Pictured above L-R: Amar Khiroya, Kunal Vaitha – both principals at REIM Capital.
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