Bridge
Loan secured in 10 days for high-value development exit
loan amount £5,100,000
gearing 73% LTV
structure Bridge
asset class Residential
| This seasoned developer, well-regarded in their local market for self-build development investments, sought a development loan to fund the renovation of a property. Karis secured £2.3m in financing through our lenders, enabling the acquisition and refurbishment.
Upon completing the development, the client returned to Karis for a 9-month exit loan, allowing additional time to achieve a higher sale price. Karis swiftly arranged a £2.7m development exit loan within 10 working days, repaying the initial development loan while raising an additional few hundred thousand to invest in future projects. Additionally, our insurance team secured comprehensive property coverage for the developer, ensuring full protection throughout the process. |
