St Albans, Herts
Case Studies
Location: St Albans, Hertfordshire
Asset Class: Residential Investment
Loan Type: Bridge-to-Let
Loan Size: £3.5M
Year: 2020
spaceFormer St Albans office building that had been redeveloped to provide 9 x apartments within the existing building and 8 additional apartments within a newly constructed 4 storey rear extension.
Client required a short term loan facility to bridge the time taken to let each of the apartments before refinancing onto a longer term investment facility.
WR Capital arranged a £3M senior bridge-to-let facility with a specialist debt fund, topped up with a £500k mezzanine facility from WR Capital’s own funding line.
