Our client identified a high-value residential property at auction, intended for renovation and resale. The short settlement window created a barrier for traditional lenders, and the property’s condition meant additional funding would be required post-acquisition.
Million Plus Private Finance reviewed the client’s portfolio, projected renovation costs, and funding requirements. We structured a £1.85 million bespoke bridging loan, presenting the client’s financial position, international holdings, and projected resale value to specialist lenders. Legal, valuation, and disbursement coordination was managed to ensure rapid approval and access to funds.
The facility included interest-only payments during the bridging period, with staged releases for renovation milestones. The client acquired the property on auction day, completed the renovations efficiently, and sold the property for a profit. This bespoke lending solution ensured speed, discretion, and alignment with the client’s broader development strategy.
This case study reflects a historic transaction. All lending is subject to lender approval, valuation, and an agreed exit strategy. Outcomes will vary based on market conditions, property condition, and borrower circumstances.
