Development goes ahead thanks to HFBS who help property developer achieve his vision for an executive residential new build and refurbishment project.
Unable to secure funds via traditional routes, such as high street mortgage providers, HFBS were approached to fund the project through to its completion with a bridging loan of one hundred and ninety five thousand pounds.
HFBS were satisfied the developer had a good track record successfully completing development projects and agreed terms over a 12 month period using a BTL property in central London as security.
David Broadbent, Director at HFBS says: “Having met with the client it was clear we would be able to agree a deal. We were happy to support the development knowing there would be a healthy profit in the sale, at which time we would receive full payment.”
With an average completion taking less than seven days from enquiry to money in the bank, no solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, HFBS really mean business.
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month on advances from £5,000. HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 15 years with complete authority on their lending. Simpler, quicker, cheaper.