Development Exit Bridging Loan

We were approached to deliver a new bridging loan on a completed development project that was funded by development finance which was shortly coming to an end. Rather than go into default with the development finance, the client wanted a "developer exit" bridging loan providing them with cheaper funding than a development loan whilst the property was being marketed. This provides the flexibility to repay at any point once the property has sold.

The client had a minor CCJ in the background. Charleston were able to agree standard lending terms with the lender, saving the client thousands.

Customer Requirements

Financial Package Delivered