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Case Type – Refurbishment Bridging Loan

Case Type – Refurbishment Bridging Loan

Understanding the client – First time property investor who wanted to build a sustainable, long term investment property portfolio which was not only cash generative but would also produce capital growth.

Project – Purchase and conversion of a three bed terrace house into two self-contained apartments in London.

Challenge – Sourcing finance for a property investor who has limited property investment experience. 

Strategy – Source a competitive finance offering and guide the client through the lending process from start to finish. Furthermore, help the client build a team of trusted advisers and professionals who would be fundamental to achieving the ultimate aim of building a sustainable property portfolio.

Lender – Boutique refurbishment lender

Gross Loan – £577,000

Loan to Cost – 82%

Loan to G.D.V. – 64%

Rate: 0.7%

Term: 12 months

Lender arrangement Fee: 2%

Exit Fee: 0%

‘It’s been a real pleasure working with Wharf, they have been extremely helpful and patient with me, negotiating with lenders to find the best options for me. They have assisted me well throughout the whole purchase and I can see us working together in the long term.’