Bridge Invest lends £6.75m for central London property purchase
By Andreea DulgheruBridge Invest has completed a £6.75m bridging loan for an offshore borrower looking to acquire a prime central London property.
Section: Case Studies
The facility — agreed at 75% LTV on a six-month term — allowed the client to purchase a new build apartment in Lancer Square, Kensington, to use as a BTL investment.
The borrower intends to repay the facility by refinancing to a new loan with a private bank.
Aid Mehmetaj, head of origination at Bridge Invest, said: “This shows our appetite to lend to strong sponsors acquiring prime central London assets.
“We would like to thank Jack Goguelin, [director] at Enness Global for introducing the loan to us, as well as our professional team, including Fotini Leventi, [partner] at Fahri LLP and James Perris, [director] at De Villiers.”
Keywords: bridging and commercial, bridging finance, specialist finance market, specialist finance lender, bridge invest, bridging loan, bridging finance, prime central London property, lancer square, Kensington, BTL investment,