New bridging loan product at 100% of purchase price
Monday, September 1, 2008 17:13Posted in category Bridging loans
A new bridging loan product has been launched which provides 100% funding of the purchase price.
This style of bridging loan is for Below Market Value (BMV) purchases and is ideal for auction properties where BMV is more prevalent. The bridging loan offers 100% of the purchase price subject to a maximum of 65% loan to value for residential property and 60% loan to value for commercial. Property values are based on the open market value.
For more information on bridging loans please contact us.
Related: What is bridging finance.
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