A bridging loan secured at 12% per annum would allow investors to purchase a property based on its bricks and mortar value and regear the lease agreement whilst bringing rental income values in line with ERV.
The creation of a new lease will, in turn, increase the value of the property, creating a mortgageable asset, on which a commercial term mortgage can be secured.
Carl Graham, Sales Director at The Bridgebank Capital Group, said: “At Bridgebank Capital we have seen an influx of enquiries regarding the acquisition of poorly managed properties where there is significant opportunity to uplift the property value through the creation of lease arrangements.
“We are delighted to offer this new product to experienced property investors who have both the experience and market knowledge to achieve [a] significant return on investment.”
The product is also available for portfolio purchases with no restriction on the number of units being purchased.
Leave a comment