Bridging Facility for refurbishment in Portsmouth

4 property investors wanted to set up an SPV limited company to acquire and refurbish properties to build their investment portfolio.

Background

We were approached by 4 property investors who wanted to set up an SPV limited company to start acquiring properties with the intention to refurbish them

The property was a three-bedroom, end-terraced house which was constructed in 1900 arranged over ground and one upper floor. It was in poor conditions, so the clients required funds to undertake the necessary refurbishments with the intention to then retain as a letting property.

Excellent service from start to finish, going way above and beyond to help out. Luke talked us through every step and explained all our options in fine detail. Without Luke, this project would not have happened. I can’t recommend Niche and Luke highly enough, and will definitely be using them for our next project.

- Lee Hopwood, Property Investor [Trustpilot Review, 15 Feb 21]

Solution

We arranged a 12-month regulated bridging facility. This allowed him to capital raise to then reimburse him for the funds he had expended on the works for his next dream home, with the bridging facility being repaid through the sale of their current property.

We arranged a 12-month regulated bridging facility. This allowed him to capital raise to then reimburse him for the funds he had expended on the works for his next dream home, with the bridging facility being repaid through the sale of their current property.

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Bridging Facility

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Months term

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Asset Value

Bridging Finance Introducer of the Year

Bridging Finance Introducer of the Year

National Association of Commercial Finance Brokers

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