Funds for Refinancing & Heavy Refurbishment
Funded: £77,000
Location: Tunbridge Wells, Kent
Property Type: Residential
Funds For: Refurbishment
Timeframe: 7 Days
Our client purchased the property in February 2015 for £205,500. Lowry Capital provided a loan of £77,000 in June to fund the renovations. The refurbishment was completed over a period of 6 months and as soon as the property was marketed, a buyer was found. The property sold in December for £350,000.
This is a great example of how our bridging finance fund can be used to complete the heavy refurbishment of a property in order to achieve maximum market value.
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