Oblix Capital completes £2.2m development exit bridge


Andy Reid Oblix Capital

Specialist bridging and development lender Oblix Capital has confirmed a recent completion for £2.21m on their Development Exit product. The facility was provided to an experienced developer and existing client of Coreco Commercial, who had converted three apartments into a high-standard, single unit. The transaction was turned around in four weeks and all those involved worked well to achieve this during the holiday period.

Andy Reid, pictured, Director – Intermediary and Network at Oblix Capital said:

“This was a well-presented case from Guy Nyirenda at Coreco Commercial, who worked well with our BDM Mark Marlow to ensure we were able to deliver the funding in a timely fashion. This was a classic case of broker professionalism, working hand in hand with the Lender.”

Guy Nyirenda complimented Oblix, stating that it was “professional in its process.”