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Recent Cases

Apex Bridging provides short term loan finance from £50,000 to £2 million. See some of our recent cases below.

£216,000 to purchase an investment property

Our clients were a husband and wife that had the opportunity to purchase a dilapidated bungalow at a below market value price before it reached the open market.

The property was a detached 3 bedroom bungalow that was a deceased estate and in need of total refurbishment. The clients negotiated to purchase the property for £300,000.

It was the clients intention to complete a full refurbishment to the property over an 8 month term, they had a small team of contractors that they had previously used on a project to complete all the work to the property.

The works included plastering throughout the whole of the property, a new kitchen, a new bathroom aswell as extend the driveway and clear the garden.

They had budgeted a total of £25,000 for the project with their GDV being £450,000.

We provided £216,000 at 75% LTV.  The clients managed to complete the project under budget and were ready to market the property for sale earlier than expected.

The property was marketed immediately after the refurbishment was completed and sold within a short period for £475,000.

£280,000 to purchase an investment property

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.

£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.

Contact Us

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01509 345 007

Email
enquiries@apexbridging.co.uk

Calls may be recorded for training and monitoring purposes