Lendco has enhanced its bridging offering with the launch of refurbishment products for both light and heavy refurb.
Facilities allow for day one loans of up to 75% followed by a refurbishment facility for 100% of works to a maximum loan of 70% loan to gross development value (LTGDV).
The product caters for loans of up to 24 months in duration and carries a maximum loan of £4m.
Lendco executive director Alex King states: “I am delighted to launch this latest addition to our suite of products,, it’s a further step towards our ambitions of offering end-to-end lending solutions for property investors.”
In addition, the lender has promoted Graham Palmer to the role of business development specialist.
Palmer has worked at Lendco since April 2021 and has been serving as a broker sales executive since he joined.
King says: “Graham has proven himself to be a valuable member of our sales team, I am confident he will be very successful in helping brokers understand our unique position and how they can benefit from one or a combination of our products.”
