Client type: Property investor
Loan type: Refurbishment bridging finance
Amount lent: £100,000
Location: Felixstowe
Term: 6 months
Exit strategy: Sale of the property
The challenge:
A property investor purchased a property in Felixstowe in a dilapidated state and required funding to support the refurbishment.
Having worked with the client previously, Goldentree was able to provide a straightforward bridging finance solution to help them move forward with the project.
The client needed funding that could be delivered within a clear timeframe, alongside an equity release to support their requirements.
What they needed:
- £100,000 in refurbishment bridging finance.
- £30,000 released as equity on day one.
- A streamlined valuation and legal process.
- Funding delivered on time to support the project.
- A clear exit strategy through the sale of the property.
Our approach:
Goldentree provided a £100,000 refurbishment bridging facility against the property.
A desktop valuation helped speed up the assessment process, while our in-house solicitors supported the legal work throughout the transaction, helping to keep communication streamlined and the process moving.
From the initial enquiry to the client receiving their funds, the transaction took just 32 days.
Funding solution:
The six-month bridging facility provided £100,000 in funding, including a £30,000 equity release on day one.
This gave the client access to the funds needed to support their plans for the property, with the sale of the property forming the planned exit strategy.
The result:
The £100,000 refurbishment bridging loan completed on time, with the client receiving their funds just 32 days after the initial enquiry.
The desktop valuation and Goldentree’s in-house legal team helped keep the transaction straightforward, providing the client with a clear route to securing the funding they needed.
The facility has since been repaid, completing the transaction successfully.
This was the second deal Goldentree had completed for the client, demonstrating the importance of building relationships and delivering practical funding solutions that work for property investors.
At Goldentree, we understand that property projects can require funding at different stages. Our bridging finance solutions are designed to support property professionals with practical funding options and a team focused on getting deals over the line.
Discover our Bridging Finance Solutions today or speak to the team.
