One of my investors requires some help completing on an auction property - it looks like bridging finance is the route as mortgage won't be obtained in time.
its basically a 2bed flat - its actually 1bed with a loft conversion done some time ago but without building regs - indemnity insurance covers any comebacks if they were to ever occur.
the basic numbers - buy for 168k, property was valued today at 250k after refurb by bridging loan company, haven't got the report yet for they're current val. One beds have sold for more than 180 in the same block last year. The property needs a refurb and bringing up to building regs standards to be able to legally let or sell as a proper 2bed - maybe 15-30k cost quite variable cost at mo as unsure of amount of work needing to be done. Any interested parties who would like to JV maybe even buy this property from my investor who is worried about money please get in touch asap.
regards Andrew Peers - 07734 050782 / andrewpfs@aol.com
