REIM Capital has launched a refurbishment product to support property investors wanting to add value through light refurbishment projects.

The product allows investors to secure funding for the purchase and refurbishment of residential and semi-commercial properties.

REIM can consider auction purchases, HMOs, standard residential stock, and semi-commercial properties where the residential element exceeds 50%.

The terms include:

• Cost of works: Not to exceed 25% of day one current market value
• Works: To include up to permitted development
• Up to 75% LTV / 75% LTGDV  (subject to property and borrower experience)
• Minimum day one loan £150,000, with drawdowns from £25,000.

REIM Capital sales director Marcus Dussard said: “Our focus is simple, giving brokers and clients the confidence that funding will be there when it matters, with the flexibility to support a wide range of opportunities. Refurb is where bridging really comes into its own, so this is a natural progression as we continue to build our presence in the market.”