£1.65 million Bridge Loan on a residential property in London

  • Excellion extended £1.65 million short-term senior secured bridge loan
  • Loan completed and funded within 8 calendar days from first meeting with borrower
  • Excellion led the execution and acted as principal investor via its affiliated discretionary investment fund
  • Funds enabled the borrower to complete the acquisition of a substantial residential property in London (Ealing)
  • Borrower is seeking planning permission to convert the property (currently, a large, detached single dwelling house) into 5 residential units comprising:
    • Three large 3 bedroom flats
    • One 2-bedroom duplex
    • One 1-bedroom flat
    • Building to include a lift by incorporating extensions to the main house and the lower ground floor, increasing total floor area to c. 7,000 sq ft, with NIA of 5,450 sq ft

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