Bridging · Case study
Capex now. Bank refinance later. First charge throughout.
Illustrative bridging facility for renovation — ~55% LTV, clear bank exit, no income proof. Placeholder pending client demo.
George Town fringe, Penang
Penang terrace — renovate then bank
Illustrative / placeholder case study — figures and narrative are representative, not a named client testimonial. Swap for a real demo when ready.
Facility
RM 380,000
LTV
55% LTV
Tenor
9 months
From 12% p.a. (indicative) · First charge · No income documents required
Situation
The clock that mattered.
Owner needed renovation funds to lift rent and hit bank refinance criteria. Existing title was clean enough for a first charge; bank would only look after works and updated valuation.
How it was structured
Short first-charge bridge against current assessed value. Drawdown staged to contractor milestones where useful. Exit: bank refinance after completion. No income proof required for the bridge — asset and exit carried the file.
Outcome
Works completed; bank takeout within tenor. Illustrative figures only.
What was ready
- Title / land search
- Renovation quotes / budget
- Bank refinance pathway notes
- Owner NRIC — no income pack