Loan Amount: £130,000
Asset: Classic Porsche and Ferrari
Time to close: 48 Hours
Why Borro? The clients short term bridging loan was coming to an end with a lender, they had a refinance in place with a new lender but at a slightly lower LTV. They used two cars to cover the difference and allow the re-bridge to happen. The Client has since secured bank lending and redeemed both the property bridge and luxury asset bridge.