The buyer, who KSEYE has worked with before, had been let down by another lender, leaving only one day to source alternative finance.
Together with its schemes in Selby, Bristol, Broadstairs and North Horsham, this latest acquisition brings Legal & General Modular Homes’ pipeline to 750 homes.
This will fund the development of Riverside House, a 99-studio unit student scheme in Guildford.
The facility was provided by InterBay for one of SPF Private Clients' retained clients, seeking to refinance and raise capital on their total portfolio.
More than half of landlords surveyed (55%) intend to increase rents in the coming 12 months.
Rates for bridging loans at £200,000 will now start at 0.43%, the bank’s lowest ever bridging rate.
The fund will support a wider range of housing tenures to meet the UK’s diverse and evolving housing needs.
Bridging Finance Solutions (BFS) has appointed Adam Wolstenholme as business development manager for Yorkshire, North East and East Midlands.
The improved Fast-Track qualifying criteria includes the maximum loan size increased to £750,000 net from £500,000.
Taylor moved into property 15 years ago, joining national estate agency Countrywide on its management scheme.