Home / Bridging finance / Light refurbishment
Light refurbishment
Second charge bridging finance lends behind an existing first charge, releasing the equity your client needs without disturbing their primary facility. With the first lender's consent, we can move quickly and structure the loan around a clear exit.
Privately funded
◆
In-house valuations
◆
Dual representation
◆
Personally managed
◆
Privately funded
◆
In-house valuations
◆
Dual representation
◆
Personally managed
◆
The situation
A facility that’s the wrong size or shape for a light refurbishment can add cost and complexity the project doesn’t need.
We fund straightforward, non-structural refurbishment projects, with terms sized to the scope of works and a clear route to exit: a sale, a let, or a refinance. Because we value in-house, we can move as quickly as the project needs.
What we do
Equity released without unwinding the primary facility.
What we need
We liaise with the first lender and structure around the way out.
How fast
In-house valuation and decisions from the principals.
Where it fits
01
Cosmetic or decorative works ahead of a sale or let
02
Light modernisation with a defined scope
03
Properties needing updating rather than structural change
04
Any scenario where the rate on the first charge is worth protecting
How it works
01
Send us the scope of works, the security and the exit.
02
We value in-house and issue clear terms.
03
We complete, and your client gets started.
Second charge
Proof
An investor client needed capital for a time-sensitive purchase but did not want to disturb a low-rate first charge. We took a second charge behind the existing lender with consent, valued in-house, and structured the loan around the sale of the new asset.
A week
Equity released
Intact
First charge
Sale
Exit route
They found a way to get my client the money without disturbing their mortgage.
Commercial finance brokerage
Read the case study →Related
Product
Hub
Case study
