Unregulated Bridging Loan for a Semi-Commercial Property

Case Study

Unregulated Bridging Loan for a Semi-Commercial Property

Location

Ryde, Isle of Wight

Property Type

Semi-Commercial

LTV

52%

Lender

Funding365

Scenario

Client was looking to purchase a semi-commercial unit consisting of a shop on the ground floor with 2x flats above with the view to convert to full residential.

Solution

We provided a 12-month unregulated bridging loan facility to support the purchase of the security and allow the client sufficient time to secure the planning permission, and complete the works.
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