Bridging Finance: Auction Purchase in 19 Days
Bridging Finance
The Scenario
A common situation in property investment: an investor spots a development opportunity at auction—a Victorian terraced house with strong conversion potential. The bidding is competitive, completion is 28 days away, and their own property sale won't close in time.
Typical Solution
Bridging finance can be arranged quickly. The lender assesses the property's current value and post-conversion potential, structures a loan with a clear exit plan (once the original property sells), and arranges legal completion to meet the auction deadline.
Expected Outcome
- Completes the auction purchase on time
- Secures bridging at competitive rates
- Clears the loan once the previous sale completes