The 70% LTV loan will allow the borrower to refinance their existing debt and will provide a 12-month period to sell the property, a 34-unit apartment block in Manchester.
The deal was introduced to HTB by Gareth Butler, senior commercial manager at Watts Commercial Finance.
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Jamie Jolly, director of bridging at HTB (pictured above), said: “This completion clearly demonstrates that our approach to bridging finance works — we look to provide a personal touch to all cases and positively promote access to the key people within our team.
“Gareth had direct contact with James [Hine, senior underwriter at HTB], which allowed us to work quickly, and efficiently, to complete the transaction within weeks.
“It was an absolute pleasure to work with Gareth and the team at Watts Commercial Finance.”
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