Bridge Invest completes their first Air Rights loan

Bridge Invest completes their first Air Rights loan

NACFB Patron, Bridge Invest, has provided a £660,000 development finance facility secured against the freehold of a building in Bethnal Green, London. The freeholder has planning permission to construct two additional stories to create three additional flats. Chief Investment Officer, Vivek Jeswani, said “The Local Planning Authority worked with the borrower in a proactive manner to help increase housing supply in an area where space was limited.”

As seen in the NACFB morning briefing