Client type: Experienced property investor
Loan type: Bridging finance
Amount lent: £257,500
Location: Preston
Term: 12 months
The challenge: Our client had invested approximately £110,000 transforming a property in Preston into a modern four-bedroom home. With the refurbishment nearing completion, they wanted to refinance the existing debt and release funds towards their next property purchase before the Preston property was sold.
What they needed:
- Flexible funding to refinance their existing debt
- Additional capital towards their next property acquisition
- Sufficient time to sell the refurbished property
- A fast transaction to avoid delaying their next opportunity
Our approach:
Goldentree structured a £257,500, 12-month bridging facility, providing £157,500 to refinance the existing debt and £100,000 towards the client’s next acquisition.
A desktop valuation helped save time and cost, while Goldentree’s in-house legal team helped keep the transaction moving efficiently.
Our experienced team:
- Structured a flexible funding solution around the client’s short-term investment plans
- Used a desktop valuation to streamline the process
- Managed the legal process in-house to support a fast completion
- Kept upfront costs to a minimum, with just a £1,000 administration fee payable at the outset
The Bridging Finance Solution:
The £257,500 bridging facility provided the client with the funding needed to refinance the existing property while releasing £100,000 towards their next purchase. The 12-month term provided flexibility for the Preston property to be sold and the loan repaid.
The result:
The client received their credit-backed offer on 29 June and completed on 10 July — just 11 days later. And enabled them to refinance their existing debt, release funds for their next acquisition and continue progressing their property investment plans without waiting for the Preston property to sell.
£257,500 funded. 11 days to completion. £100,000 released towards the next purchase.
Discover our Bridging Finance Solutions today or speak to the team.
