Request for a recommendation for bridging finance broker/lender.
I have the opportunity to purchase a property well below market value for £68,000. With a small amount of work and a successful HMO licence application it would value around £125,000 - the value of one of my other 5 bed HMO's.
I've approached my usual broker for bridging finance but his lenders do not lend for amounts below £150k. And currently my finances are tied up in other projects.
I am a very experienced property investor with 3 licensed HMO's in this area - one just down the road from this property.
If you, or someone you have used can assist with bridging for this project please pm me or comment below.
Thank you.