Property type: Period building, factory conversion, Project: House Refurbishment, Location: Central London, Service provided: Bridge loan, Value: £2.1M
· Property type: Single dwelling, factory conversion
· Project: House Refurbishment
· Location: Central London
· Service provided: Bridge loan
· Value: £2.1M
We helped a known figure in the finance world to secure the purchase of a historic factory building. The £4m property was being used as an artist’s studio and the client wanted to convert the space into a new home.
With only two weeks to complete the purchase, the client was unable to obtain a mortgage from high street banks in such a narrow time frame and other bridging loan finance providers would not lend for personal rather than commercial use.