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First Charge

December 2020

Traditional Construction

£552,000

Impact Lending are pleased to have completed another First Charge bridge in Bexleyheath to a well versed developer. The loan re-bridge was required as part of a planning play before a sale of the security took place.  

Bexley is a neighbourhood of South East London, which sits within the administrative jurisdiction of the London Borough of Bexley. It is situated within the Thames Gateway, an area designated as a national priority for urban regeneration. The borough covers 23 sq. miles, stretching from the Thames in the north to Kent in the south. Although much of the borough is developed, there are more than 90 parks and woodland areas, making it one of the greenest boroughs in London.

The clients have pre-sold the security, subject to a change of use from residential to a children’s Nursery. We expect both planning and sale to be completed within our 6 month term.

Impact Lending provided a First Charge facility of £522,000  from our Traditional Construction product range. We were able to clear the current funder and release capital for the client to execute the project.

Impact Lending cover both Traditional Construction and Sustainable Construction (Modular) developments. We offer first charge bridging from £500k to £15m.

For more information about this scheme, or to find out how we can help finance your project, please contact us.

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