Pallas Capital closes £1.3m bridging loan in Oxshott
Original Article Summary
Pallas Capital has completed a £1,275,000 bridging facility for a residential development in Oxshott, Surrey, representing one of the lender's first UK transactions since its January launch. The 12-month loan refinanced both first and second charges on a property requiring refurbishment works after a previous buyer withdrew mid-project. The post Pallas Capital closes £1.3m bridging loan in Oxshott appeared first on PropertyWire.
PropMatch Curated Analysis
Pallas Capital completed a £1.275m bridging loan in Oxshott using flexible structuring including stepped rates and completion-based valuations to help a developer recover from buyer withdrawal complications. The case demonstrates how specialist lenders are adapting to handle complex, distressed development scenarios.
Investor Relevance
Shows developers how bridging lenders can provide solutions for distressed situations including buyer withdrawals, multiple charges, and undisclosed issues. Demonstrates risk management strategies and exit planning that could be valuable for developers facing similar complications in challenging market conditions.
Original Source:
PropertyWireStay Updated
Subscribe to our weekly briefings for curated property news and insights