Aspen completes £4.1m bridge-to-let loan for Surrey project
Original Article Summary
Aspen has provided a £4.1 million bridge-to-let loan for a residential development in Leatherhead, Surrey, with the completed property expected to reach a gross development value exceeding £10 million. The lender structured the facility with staged drawdowns and a transition to buy-to-let financing. The post Aspen completes £4.1m bridge-to-let loan for Surrey project appeared first on PropertyWire.
PropMatch Curated Analysis
Aspen provided a £4.1m bridge-to-let loan for a luxury Surrey development, demonstrating current development finance pricing and the lender's updated product range with competitive rates starting from 0.35% monthly.
Investor Relevance
Shows current development finance pricing benchmarks, loan structuring for high-value residential projects, and demonstrates viable financing pathways for developers transitioning from construction to rental income generation.
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