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A Bridging Loan Enabled Our Client to Buy at £2.6m and sell at £3m

Enterprise Finance

We had a client who identified a property he wanted to purchase in Holland Park. The purchase price was £2.6 million and he needed to borrow £1.6 million.

The property had potential to be converted into 3 self-contained flats. The property would be very sought after because of the development potential, and this made it an ideal candidate for a bridging finance deal, because the client was able to take the property off the market before another developer snapped it up.

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