Case study: Aspen funds £1.6m heavy-refurb bridge for London conversion project
Original Article Summary
<p>Aspen has recently reduced its heavy refurb rate to 0.78% </p>
PropMatch Curated Analysis
Aspen Bridging completed a £1.6m bridge loan for a luxury residential conversion in Barnes at 0.84% monthly rate, while simultaneously reducing rates across their product range with heavy refurb loans now from 0.78% monthly.
Investor Relevance
Demonstrates current bridging finance terms for conversion projects and signals improving lending conditions with rate reductions and higher LTV availability. Shows lender willingness to support planning challenges, relevant for developers facing similar issues.
Original Source:
Property ReporterStay Updated
Subscribe to our weekly briefings for curated property news and insights