Case Study Bridging Loan for Developer

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Bridging Loan for Developer Acquiring Planning-Restricted Site in Edinburgh

Legal Aspects of Taking Out a Bridging Loan in Scotland

Client: Small-Scale Developer

Location: Edinburgh, Scotland

Loan Amount: £850,000

Term: 12 months

Loan Purpose: Site acquisition prior to planning

LTV: 65%

Exit Strategy: Development finance

 

The Challenge

A developer in Edinburgh, Scotland identified a vacant brownfield site near Leith Walk and used bridging loans Scotland to secure a quick, unconditional purchase before planning consent was in place.

 

Our Solution

BridgeLoanDirect.co.uk arranged an £850,000 bridging loan secured against the land with projected uplift based on pre-application feedback. We structured the loan over 12 months at 1.1% monthly interest, retained for the full term. Legal work was expedited with our panel solicitors familiar with planning-contingent funding.

The Result

The client secured the land and submitted planning within two months. Six months later, full consent was granted for eight residential units. Project finance for property investors was arranged on the back of approved plans, and the bridging loan was refinanced into a build facility. The investor’s timely acquisition significantly increased site value and improved exit options.

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