Bridge

Equity Release bridging loan

loan amount £1,600,000
gearing 23% LTV
structure Bridge
asset class Commercial

An equity release was achieved by taking out a bridge loan on an commercial income producing asset in Dagenham., London. The warehouse, showroom, and offices served as collateral for an 18-month term, with an option to extend for an additional 6 months. The interest was capitalised over the loan term.