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Residential

Rebridge of a 14 Property Portfolio for repeat client 

By Residential

REIM Commercial Bridging Loan (small lettering)

The borrower has a proven track record of purchasing properties in bulk from developers who have surplus units on their books. For this repeat client of REIM Capital, we were able to offer leverage at 74% loan to value against the aggregate value of 14 properties. 

The REIM Residential bridge gave the client additional time to finalise sales of some of the units and then refinance the remaining properties onto buy to let mortgages.

Loan Size: £3,130,000

LTV: 74% 

Charge Type: First Legal Charge

Term: 6 months 

Location: Manchester

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

Purchase of 13 Luxury Apartment for an International Client

By Residential No Comments

Purchase of 13 Luxury Apartment for an International Client

We successfully completed an £11,032,000 bridging loan for an international client against an impressive niche development in Middlesex. Our security, which is made up of 13 luxury apartments of the 25-apartment development, sits in extensive grounds of 8.5 acres, yet it is within easy reach to central London. 

This loan underscores our continued commitment in giving exposure of the UK property market to overseas borrowers who have a limited credit footprint.

Loan Size: £11,032,000

LTV: 75%

Charge Type: First Legal Charge

Term: 12 months

Location: Middlesex

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

Re-bridge of Property Portfolio for a non-UK resident

By Residential No Comments

REIM Residential Bridging Loan

The borrower, a non-UK resident, required a rebridge for their portfolio made up of five properties located in Derbyshire.

The development consisted of one detached and four semi-detached houses, registered over two titles. The REIM Residential Bridging Loan gave the borrower additional time to split the titles individually. 

Tenancy agreements with corporate clients were signed pre-loan drawdown, with all properties due to be occupied within four weeks of loan completion. Once all properties are income generating and sitting on their own titles, the REIM residential bridging loan will be exited via buy to let mortgage.

Loan Size: £930,000

LTV: 74%

Charge Type: First Legal Charge

Term: 6 Months

Location: Derbyshire

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