Purpose of Loan: Refinance & Development
Loan Amount: £1.7M
Term: 9 Months
Security: 1st Charge
Agreement In Principle: Within 60 Minutes
Drawdown: Within 18 working days
READ ABOUT THE CASE
Complex Refinancing Bridge Loan
We provided the funds on a 9 month term due to the stage the development was at and we included contingency budget within the facility should this be needed.
Following comprehensive due-diligence on the borrower, their finances and the development property Mint were able to provide funds to refinance the development to ensure the schedule of works could stay on track.