Oblix completes £7.6m bridge

Mortgage Introducer

January 29, 2016

Oblix Capital has completed its largest ever bridging loan of £7.6m.

The loan financed the purchase of a development of 120 luxury apartments in Reading and was completed in December 2015.

Rishi Passi, chief executive of Oblix Capital, said: “A loan of this size would usually sit outside our remit, however in this case it was too good an opportunity to miss.

“We only finance projects we truly believe in and would take on ourselves and the client’s solid track record and commitment to the development led us to make an exception.”

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