Whether you’re looking to add value to your portfolio or generate more rental income, Cornerstone Capital can help get your short-term light refurbishment loan completed in days.
A light refurbishment loan is a short-term loan used to refurbish a property for resale or let. Known as ‘flipping’ light refurbishment loans are commonly used to purchase properties, lightly refurbish then resell or let.
A property is purchased using the loan to sell or refinance at the end of the term; the loan covers the costs of the property and the cost of the refurbishment.
The advantages of using a bridging loan for light refurbishment is that it gives you access to finance quickly. Meaning you can purchase the property without waiting for a longer-term solution and missing out on golden opportunities or leaving unfinished projects at a standstill. It also gives you time to carry out the work before you either sell or let the property.
As a bridging lender, we’re able to make decisions quickly. If you’re thinking of starting ‘flipping’ or already an investor who does, the right bridging loan can make the whole process a lot smoother.