Bridging loan releases equity for shopping centre purchase

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StreamBank supplied a £1.5 million bridging loan to help fund an investor's £3 million purchase of a shopping centre in Peterlee, County Durham. The loan, secured against a residential property in Ashbourne, covered a funding gap alongside commercial finance.

StreamBank has provided a £1.5 million bridging loan to fund an experienced property investor's acquisition of a £3 million shopping centre in Peterlee, County Durham. The 12-month facility was secured against a residential property in Ashbourne, Derbyshire, enabling the borrower to bridge a funding gap after commercial finance covered the majority of the purchase. The post Bridging loan releases equity for shopping centre purchase appeared first on PropertyWire.