November’s Development Funding Overview


Loan Eligibility & Rate Check

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Across the month of November Mint Bridging has funded some truely remarkable developments the length and breadth of the country providing finance in the millions for our lenders. Review a small sample of hand-selected bridging deals from November and should you or a client require funding be sure to submit an online rate check :

Selection of November development loans

Kirby

Purpose of Loan: Refinance & Development
Loan Amount: £287,000
Term: 13 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes

Loan Snap Shot

More Info

Loan is needed by the lender to refinance an existing deal and to provide funds to extend the property and convert into a 9-bed HMO.

Liverpool

Purpose of Loan: Commercial Development
Loan Amount: £435,000
Term: 15 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes

Loan Snap Shot

Loan Overview

The lender is purchasing the property with the loan in-conjunction with a second capital raise on an additional property which has also been funded by Mint bridging

Hampton

Purpose of Loan: Commercial Development
Loan Amount: £1.1M
Term: 12 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes

Loan Snap Shot

Loan Overview

The lender is purchasing the property with the loan in-conjunction with a second capital raise on an additional property which has also been funded by Mint bridging

Sleaford

Purpose of Loan: Purchase & Development
Loan Amount: £338,000
Term: 10 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes

Loan Snap Shot

Loan Overview

Purchase of property which contains additional land. The facility will then be used once planning is granted to split the property into two units with each being converted into 5 bedroom HMOs.

Across the month of November Mint Bridging has funded some truely remarkable developments the length and breadth of the country providing finance in the millions for our lenders. Review a small sample of hand-selected bridging deals from November and should you or a client require funding be sure to submit an online rate check :

Development Examples

Wimbeldon

Purpose of Loan: Residential Purchase
Loan Amount: £1.1M
Term: 6 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes
Loan Snap Shot



Case Details

The loan is being used to fund the property purchase of a £1.5M residential property. The property also has planning in place for the development of an additional 3 storey property on the adjoining land. The lender is receiving additional assistance from guarantors who will take a second charge on the property.

Walsall

Purpose of Loan: Commercial Property Purchasee

Loan Amount: £627,000
Term: 12 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes
Loan Snap Shot

Case Details

The lender required the funding to complete the purchase of a commercial property which had recently been granted planning permission. The developer is planning to change the use from B1 to C3 for the construction of 13 flats, which they expect to complete within the 12 month term.


Loan Eligibility & Rate Check

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