The team at recently helped a first time developer to secure two streams of finance for a BRRR (buy, renovate, refinance & rent) project.

After using to compare bridging loan options and booking in a discovery call with an advisor, the Seek team were able to ascertain that the client not only needed short term finance but a longer term finance option once the project was completed.

As a result of working hand in hand with the client throughout the BRRR process, the team enabled the client to access the right finance at the right time for the two distinct phases of the project.

Firstly our team of advisers helped the vendor to secure short term bridging finance of £166,000 to purchase the property at auction. As part of this package, an additional £15,000 was provided to renovate the property, meaning the total finance raised was £181,000.

Once the refurbishment was completed, our team of trained advisers then helped the client to source long term finance based on the renovated properties increased value of £260,000, allowing them to realise a profit on the property and in turn offer it for rent.

Before refurbishment:


After refurbishment: