Development FinanceNews

Oblix completes £2.2m development exit bridge

Oblix Capital has confirmed a recent completion worth £2.2m on their development exit product.

The facility was provided to an experience developer and existing client of Coreco Commercial who had converted three apartments into a high-standard, single unit.

The transaction was completed in four weeks.

Andy Reid, director – intermediary and network at Oblix Capital, said: “This was a well-presented case from Guy Nyirenda at Coreco Commercial, who worked well with our BDM Mark Marlow to ensure we were able to deliver the funding in a timely fashion.

“This was a classic case of broker professionalism, working hand in hand with the lender.”

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