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Bridging finance for refurbishment of ground floor flat


Ms L was a new developer who approached Coreco SF on the recommendation of Sarah Beeny from Tepilo.

She required a bridging loan to purchase a ground floor flat in need of refurbishment which she intended to sell onwards following completion of the required works.

Short-term funding was found to allow the purchase to complete with no early redemption penalties for redeeming the loan, providing a minimum of only one monthly payment had been made. The loan was made to the clients Ltd Company.

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