Commercial Expert has completed a complex re-financing project to ensure two bridging loans were repaid before additional charges were incurred. OJ Property & Sourcing Ltd, a long-standing client of the commercial broker’s, had previously borrowed £2,070,000 to fund the refurbishment of a student let property and surrounding car park. The original deal involved the purchase […]
Four of Wales’ leading lenders joined forces for a three-hour panel event at Principality Stadium this week (6 July) to discuss the changing landscape of specialist lending in Wales. Specialist residential, commercial and holiday let lender Hodge joined Principality Building Society, Monmouthshire Building Society, Swansea Building Society, and around 150 delegates at the first ever […]
Vengrove, on behalf of VRE Social Housing Partners (VRESHP), has completed the off-market purchase of seven freehold residential properties in North London. The acquisition adds a further 62 units to the VRESHP portfolio and will provide affordable housing to individuals and families. Vengrove will continue to manage the properties and work closely with selected charities […]
Aldermore has provided a £6.8m property development loan to Russell Armer Homes for its Bowland Fold housing development in Halton, Lancashire just a few miles north east of Lancaster. The development is a joint venture between Russell Armer Homes and the Housing Growth Partnership (HGP) where Russell Armer is one of HGP’s first partners to […]
Rental growth continues to roar ahead across London, according to the latest prime rental indices from property firm Savills, underscoring the strongly recovering demand for accommodation in the UK capital in a still stock constrained market. Prime London rental values increased a further +3.3% in Q2 2022, taking annual growth to +13.5%. This annual growth […]
Secured lending newcomer Bergen Finance has lent more than £29m in its first six months of trading, with a further £40m in legal diligence. Bergen, which is headquartered in London and has offices in Leeds and Manchester, provides real estate-backed loans to a diverse range of corporate borrowers and has already completed loans in all […]
Specialist marketplace lender Assetz Capital have provided a £1.2m development loan to experienced developer CJC Estates to build four high end homes in Aberdare, South Wales. Located in the village of Llwydcoed, one mile north of Aberdare, the developer plans to construct four 4-bed detached residential dwellings on a plot of land acquired in 2019. […]
Alternative Bridging Corporation has completed a development loan for a long-standing client within two weeks. Alan Perry, a well-known and respected property developer in Essex was due to purchase a property for redevelopment in Ongar, Essex. He had made arrangements for the required balance of purchase funds but two weeks before he was due to […]
Specialist lending firm SoMo | Bridging is launching a confident, new campaign this July challenging brokers to find better a second charge loan. Awareness and demand for SoMo’s second charge loans has grown rapidly in 2022. The Greater Manchester based firm has already seen a 25% increase in its second charge lending over the past […]
A team of established Yorkshire-based property investors, trading as Ousegill Business Park Ltd, have successfully refinanced two large, refurbished warehouses near York for £1.95 million, with funding from Cambridge & Counties Bank. The team will use the finance to continue upgrading the new business park in Great Ouseburn as well as convert an adjacent industrial […]
