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