Bridgebank Capital has launched a product designed to help borrowers purchase properties and create new lease agreements.
Bridgebank Capital has launched a product designed to help borrowers purchase properties and create new lease agreements.
The loan, which is available from 12% per annum, enables investors to purchase a property based on its bricks and mortar value and regear the lease arrangement and bring rental income values in line with the estimated recovery value.
The creation of a new lease will in turn uplift the value of the property and create a mortgageable asset, on which a commercial term mortgage can be secured.
Carl Graham, sales director at Bridgebank Capital, said: “At Bridgebank Capital we have seen an influx of enquiries regarding the acquisition of poorly managed properties, where there is significant opportunity to uplift the property value through the creation of lease arrangements.
“We are delighted to offer this new product to experienced property investors who have both the experience and market knowledge to achieve significant return on investment.”
