Location: Lenzie, Glasgow

Sector: Later Living

Loan Type: Bridge

Loan Size: £1.80mn

Loan Status: 6-month term (Repaid)

Property Information: 8 residential apartments

 

“Broadwood were quickly able to get a detailed understanding of the local market and our product. Their property experience and knowledge was fundamental in allowing us to achieve the leverage we required. Broadwood’s tailored funding solution allowed us to refinance the existing lender, but importantly released capital which allows us to progress other schemes to provide much needed additional housing in Scotland and the north of England.

Being able to secure a development exit refinance at this high leverage point, from one lender, made the process much more cost and time efficient

— Gavin Fraser, Managing Director of Hadrian Real Estate PLC

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