Case Study
Bridge finance for the purchase of 2 flats in East Sussex
Purchasing a block of 2 flats through distressed sale, Beaumont were able to complete rapidly using the borrowers personal residence as security. Beaumont lent 100% of the purchase price enabling the borrower time to refurbish and re-mortgage.
Loan information
Loan value
£170k
LTV
25%
Loan duration
9 months
Interest rate
1% per month
Arrangement fee
None
Exit fee
1%
Why the developer chose Beaumont
- Ability to complete within 2 working weeks
- Flexible approach to security
- Ease of communication