Brightstar | INVESTOR SECURES FINANCE ON DISUSED BANK BUILDING

Objective

Mr Jones wanted to purchase a disused bank building with the intention of converting it into residential flats. The property was valued at £425k.

The property did not have the required planning permissions for the intended conversion, but the investor was motivated to obtain them.

We were able to secure 65% LTV, purely on commercial asset via a 12 month bridging facility. The rate was rate was 0.65% per month.

The introducing broker received £2762.50 for referring their client to Brightstar.

FOR INTERMEDIARIES ONLY AND NOT INTENDED FOR THE GENERAL PUBLIC.

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