100% Refurbishment Finance Bridging Loan for a Probate Property Purchase

Positive Commercial Finance specialises in arranging fast, flexible refurbishment finance and bridging loans for landlords, property investors and developers across the UK. This case study demonstrates how we secured 100% purchase price funding and refurbishment finance for an experienced landlord who needed to complete a probate property purchase within just one week.

The Challenge

An experienced landlord with a portfolio of residential properties across the North West identified an excellent refurbishment opportunity in Oldham. The property was being sold through probate and had remained on the market for some time, allowing the client to negotiate an attractive purchase price.

The seller accepted the offer on the condition that completion took place within one week.

The main challenge was that the client’s capital was fully invested in existing property assets, leaving no available funds for the purchase or refurbishment works. The client therefore required:

• Completion within one week
• 100% funding for the purchase price
• Additional finance for refurbishment costs
• A lender capable of moving quickly and structuring a bespoke solution

Many traditional lenders would have been unable to meet the timescales or provide this level of flexibility.

Our Solution

Positive Commercial Finance arranged a Refurbishment Finance Bridging Loan that funded 100% of the purchase price by using an unencumbered commercial retail property owned by the client as additional security.

The facility also included funding for the planned refurbishment works, allowing the client to acquire and improve the property without needing to release cash from their existing portfolio.

Our experienced team worked closely with the lender to ensure the transaction completed within just 5 days, comfortably meeting the seller’s deadline.

Deal Structure

• Loan to Gross Development Value (LTGDV): 70%
• Interest Rate: 1.2% per month (interest retained)
• Arrangement Fee: 3%
• Exit Fee: 1.2% (based on facility amount)
• Term: 12 months

The Outcome

The client successfully completed the purchase of the probate property within the required timeframe while securing funding for both the acquisition and refurbishment.

By leveraging an unencumbered commercial property as additional security, Positive Commercial Finance delivered a bespoke funding solution that enabled the client to expand their portfolio without tying up further capital.

This case highlights how specialist bridging finance and refurbishment finance can help experienced property investors move quickly when time-sensitive opportunities arise.