The deal was at 80% LTV in Hayes, and was for a West London, a 920 sq ft three-bedroom semi-detached house which is being converted into a four-bedroom HMO under permitted development.
- The Finance Professional Show 2023: The Video
- Aspen completes £1.1m Hendon bridge facility for international developer
- Aspen completes £6.5m development exit bridge on Surrey scheme
All deals were completed on the lender’s Stepped Rate, the cheapest starting at 0.49% per month, over 10- and 12-month terms, the overall value of the properties equals £3m.
The deal was taken from start-to-finish by senior credit analyst, Sinead McMurray.
Jack Coombs, managing director at Aspen Bridging, said: “A returning customer is proof that they appreciated your service, honesty and commitment to securing the right deal at the right time, so to have a developer trust us five times in one year speaks massive volumes.
Leave a comment