Bridging

Bridging in Cornwall

We provided extra leverage on a bridge facility to allow our client to complete sales of high-end apartments on the Cornish coast.

ACP Fowey 010 Resize
ACP Fowey 007 Resize
ACP Fowey 001 Resize
ACP Fowey 022 Resize

We provided a £1.7m, nine-month bridge finance facility to a developer operating across southern England.

Our facility gave our client time to sell these attractive apartments on the open market. Located by a popular waterside town with a natural harbour, these apartments had wide-ranging appeal to
owner-occupiers, investors and holiday makers. Our facility refinanced two existing lenders and released equity for a further purchase.

Gross Loan

£1.7M

Term

9 Months

LTV

78%

Units Created

4

Exit Method

Sales

“Our developer knew the micro-location well and was able to bring product to market to suit. This local knowledge and expertise were crucial in our decision to lend.”

- Paul Hayward, Senior Investment Manager

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