The Intermediary

Aspen supports development project with £1.4m residential loan

Submitted by daniel on
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Aspen supports development project with £1.4m residential loan - The Intermediary

When a bridging lender dropped a developer’s advanced refinance plans, Aspen stepped with a £1,424,500 residential loan, which it completed in just six weeks.

The client had already undertaken over £300,000 worth of works to remodel a five-bedroom, four-bathroom detached house in Streatham, London, and required the funds to exit an existing finance deal as well as complete the project before marketing the property.