Client situation.
We were introduced to an experienced borrower who was looking to raise capital on a semi-commercial property. The property featured a commercial unit with the borrower’s successful business on the ground floor, and 20 serviced apartments on the upper floors. The experienced borrower needed urgent capital for business expansion, one of the common uses for bridging loans. In this instance, while semi-commercial properties can fall under complex criteria at other lenders, we approached the deal with flexibility and a client-centric outcome in mind.
Our solution.
We were made aware of an existing first charge loan secured against the property, but both the borrower’s profile and property characteristics made us confident in offering a £500,000 facility on a second charge basis.
Understanding the borrower’s experience in real estate and the hospitality business helped us to assess them and move quickly to provide them with the required funding. Our experience in semi-commercial lending meant we could evaluate the property holistically, considering both the business operation and the residential elements in our assessment.
Result.
Five days to completion on a complex semi-commercial deal proved our ability to handle sophisticated mixed-use properties at speed. The borrower secured the urgent capital they needed to expand their business, and we demonstrated that complex doesn’t have to mean slow. This case showcases our ability to provide specialized solutions quickly, regardless of whether the property is residential, commercial, or has elements of both.
Mixed-use properties? Our semi-commercial expertise delivers consistent funding solutions.