Amount Funded
£725,0000
Location
Yorkshire

Exiting an Existing Bridging Facility

Our client was selling another property within his portfolio to exit an existing bridge facility. The sale hit some delays but the existing provider refused to extend their facility, so the client was faced with default interest of over £20,000 per month until PMJ Capital approved a facility of £725,000 with an LTV of 60% and provided funds within 5 days.

This saved the client thousands of pounds in default interest and protected his credit rating.