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Category

Commercial

Refinance for Working Capital Purposes

By Commercial

REIM Commercial Bridging Loan

The client, a UK limited company, required the speed of a bridging loan to raise funds quickly against their Warehouse for working capital purposes. The borrowers were able to demonstrate a solid exit plan by evidencing refinancing terms, agreed in principle with a major bank. 

The term of 6 months gives the client ample time to exit the REIM Commercial bridging loan.

Loan  Size: £231,650 

LTV: 57% 

Charge Type: First Legal Charge

Term: 6 months 

Location: London

If you have a similar case, please email full details to sales@reimcapital.com