Development Exit Bridging Loan in Surrey
Overview
A developer in Surrey required a development exit bridging loan after completing a high-end residential scheme. They wanted to repay their development finance while marketing the units for sale.
Key Loan Terms
Loan Amount:
£4,500,000
Loan-to-Value (LTV):
60%
Term:
12 months
Security:
Completed Residential Development, Surrey
Purpose:
Development Exit
Completion Time:
3 weeks
The Outcome
London Credit structured a bespoke facility enabling the developer to reduce their finance costs and allow time for sales.
Client Testimonial
"London Credit's understanding of development finance made all the difference."
