A £440,000 refurbishment bridge was secured for a first-time development team in Hackney, despite no background property assets and a previous liquidation. By clearly presenting the team’s design credentials and circumstances, Avid arranged funding with Albatross and completed the deal in three weeks.
A £726,000 refurbishment bridge was secured for the purchase and conversion of a derelict barn in rural Gloucestershire. By pairing an experienced developer with a lender familiar with the local market, Avid arranged a day one loan and full drawdown facility, completing within four weeks.
A £350,000 regulated bridge was arranged for two applicants with significant adverse credit to purchase a residential property. By structuring a clean exit via a property sale, the lender approved the deal within 24 hours and completed in just three weeks.
A £3,000,000 development facility was secured for a first-time UK developer building a prime five-bed detached home. Despite limited local experience, the deal completed within five weeks after a clear proposal and strong team backing gave the lender full confidence.
A £600,000 bridging loan was structured for an investor purchasing their first semi-commercial property in Birmingham. By using a second charge on their main residence, competitive terms were secured and the deal completed within four weeks, despite a down valuation.
