Harlow mixed-use property acquisition secured with £1.8m bridging loan
UKPulse Property Desk
Recognise Bank has provided a bridging loan of £1.836 million to support the acquisition of a mixed-use commercial property in Harlow, Essex.
- Recognise Bank provided a bridging loan of £1.836 million.
- The loan facilitates the acquisition of a mixed-use commercial property in Harlow, Essex.
- The 18-month facility was structured at 57% LTV.
A bridging loan of £1.836 million has been provided by Recognise Bank to facilitate the acquisition of a mixed-use commercial property located in Harlow, Essex. The 18-month facility was structured at 57% LTV.
This financing arrangement is intended to enable a civil engineering firm to complete the property purchase within several weeks.