Case study 3
Product: First charge residential refurbishment bridge
Security: Grade II listed investment property and a 2nd Charge on borrower’s main residence.
Gross Loan: £650,000
Term: 12 months
Borrower Type: High net worth individual
Purpose: The loan was used to renovate a Grade II listed property in West Sussex ahead of sale.
Exit: Sale of the Grade II listed building
- Pivot provided the loan in two tranches as this was a heavy refurbishment.
- The professional team and refurbishment contracts were approved by Pivot given the listed status of the building.