22 Aug Bridge Invest completes £5m of loans in a week
There has been no summer lull for the BI team… this week we completed five loans worth a total of £5m, a new weekly record! As always our clients were provided with with a quick and reliable turnaround.
This included a £2.4m facility secured against offices in Birmingham’s jewellery quarter.
The bridging lender also provided a £1m loan secured against a house in Holloway, a £618,000 facility secured against a house in Surbiton and a £685,000 loan secured against a mixed-use property in Isleworth.
“Contrary to the seasonal downturn we would expect in August, the number of enquiries for short-term loans shows no sign of abating,” said Ronak Ruparell, CEO at Bridge Invest (pictured above, right).
Commenting on the £2.4m deal, Vivek Jeswani, chief investment officer at Bridge Invest (left), added: “This was a challenging deal for us given there were a number of buildings with 30 separate tenancy agreements.”