Bridging

A bridge facility to support a site acquisition in Eastbourne

A bridge to assist with the purchase of a fully let office building with potential for residential conversion

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Location Map

Working with an experienced returning developer, we provided an 18-month serviced bridge facility to acquire an office building in Eastbourne, while they secure planning consent for the conversion of the property into 66 residential units.

Gross Loan

£1.95m

Term

18 Months

LTV

65%

Units Created

66

Exit Method

Development loan

"We are pleased to be working with this experienced borrower on a third project. This bridge plays a valuable role in site acquisition, and provides sufficient time within the development lifecycle to deliver this fantastic residential scheme in Eastbourne."

- Oscar Appleby, Asset Manager

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