Client situation.
An experienced property developer needed fast funding to purchase a 3-bedroom detached bungalow, before investing £60,000 in refurbishment works. Through their trusted broker, they were seeking a lender who could match their timeline and understand their investment and development experience. The tight purchase deadline meant there was no room for delays or a lengthy approval process.
Our solution.
Recognizing the borrower’s track record, we structured a £450,000 facility at 75% LTV. While our residential bridging loan didn’t cover the refurbishment aspect, with works due to take place during the loan term meant we had to assess the full proposal quickly, while our streamlined processes with legal and valuation partners kept everything moving smoothly. We understood that experienced investors need lenders who can move at their pace, and that’s exactly what we delivered.
Result.
Twelve days to completion gave the client the funding needed to acquire the property on their project. The broker added another successful deal to their portfolio, and we backed an experienced investor with a solid plan. This case demonstrates how understanding your client’s expertise can accelerate the entire lending process.
Working with experienced investors? We understand their needs and can move at their pace.