Provided £280,000 on a 1st charge basis on an investment property. The client needed the money quickly to complete a divorce settlement rather than sell the property as he felt it would increase in value over time. The value of the property at the time of the valuation was £370,000 and 12 months later it had increased to £500,000.
Apex Bridging provides short term loan finance from £50,000 to £2 million. See some of our recent cases below.
£280,000 to purchase an investment property
£540,000 to purchase an investment property
Provided £540,000 at 75% LTV to purchase an investment property. Due to the condition of the property the client was not able to obtain a buy-to-let mortgage. The loan funded refurbishment of the property to a habitable condition to enable the client to refinance the property on a buy-to-let mortgage.
£260,000 to purchase a partly refurbished investment property
Provided £260,000 on a partly refurbished investment property on a 2nd charge basis to help the client raise funds to complete the works and maximise value as a buy-to-let mortgage was not an option. At the time of valuation the property was worth £750,000 and, after refurbishment, went on the market for £1,395,000.
£275,000 to raise funds for business
Provided £275,000 on a 2nd charge basis on an investment property so the client could raise funds to invest into her business. The loan enabled her to quickly expand her business and ultimately secure a buy-to-let mortgage.