🌞 €1.2m Development Exit in the South of France 🌞
Interbridge have just completed a bridging loan for a newly constructed Villa located in the lovely region of Estérel in the South of France, valued at €1.97 million.
The borrower was looking to refinance their development loan on completion of the property and raise additional funds to focus on other projects while the newly-completed Villa was put on the market. We call this transitional solution “Development Exit” which enables the client to create cashflow from a recently completed development project prior to sale.
With the property held in a SARL, Interbridge were able to provide a bespoke solution that prevented the client from having to significantly discount the sale in order to pay back his development finance after delays in construction.
A 12 month bridging loan was arranged allowing the client time to market his property successfully at full value. We also arranged a further 12 months optional extensions which could give added time for the villa to achieve its full market value.
This loan re-affirms that Interbridge are the premier European arranger of innovative transitional capital solutions. At Interbridge, we understand the importance of flexible financing allowing our clients to maximise their sales potential and increase their overall profit from property transactions.
We eagerly look forward to witnessing the successful sale of this wonderful property.
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