Mortimer Street Capital arranges £8.25m bridge for London portfolio
Original Article Summary
Mortimer Street Capital has arranged an £8.25 million multi-asset bridging facility through Lendhub for the acquisition and repositioning of an £11 million portfolio of London residential properties. The 12-month facility was priced at 0.79% per calendar month and included a £900,000 day-one capital release for refurbishment works. The post Mortimer Street Capital arranges £8.25m bridge for London portfolio appeared first on PropertyWire.
PropMatch Curated Analysis
£8.25m bridging facility for London residential portfolio demonstrates available financing for complex multi-asset acquisitions at 0.79% monthly rate with innovative structuring including gifted equity and immediate capital release.
Investor Relevance
Shows bridging finance remains accessible for portfolio acquisitions in London with specific pricing benchmarks, demonstrates viable strategies for using gifted equity as deposits, and illustrates how immediate capital release can fund refurbishment to increase rental yields before refinancing.
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