For more than 20 years, a successful businessman had been a valued customer of a leading high street bank. However, the bank's lending criteria changed and it requested that he settle his secured property loan immediately. As he was restructuring several investments at the time and needed to free up some funds quickly, he approached us for help.
We were able to put in place funding before the deadline, agree settlement with his bank and create additional funding for the client to invest in other businesses he owned.
As a result of our efforts, the client was able to repay the bank promptly and has been able to sell the commercial warehouse without bank pressure.
Loan size £348,000
A client came to us with a large tax bill and a number of other debts that needed to be consolidated. If we did not help the client pay off the debts within 16 days, the client would have been forced into bankruptcy.
We provided a regulated 1st charge bridging loan, enabling the debts to be cleared and giving the client 12 months breathing space within the 16 day deadline.
We are currently working with the client to ensure they exit the bridge efficiently via the sale of an asset.
Client developed a ground-up construction project and intended to fund it with the proceeds of a personal inheritance. However, there was a delay in probate and he needed to bridge funding for completion of the build. He also needed to pay for works already completed by the builder, who needed certainty about future payments.
Working with the client, the builder and their legal team, as well as with our development finance specialists, we were able to secure funding to ensure the build remained on schedule. Extensive information was needed because parts of the build were already completed—and a large amount of money had been invested by the client—but we needed to guarantee that finishing the project would not cost more than promised.
Total funds raised £530k.
To fulfill our client’s goal of completing the purchase a commercial property with security and an expired energy performance certificate, we added security over an English semi-commercial property. This was further complicated by outstanding deed amendments as the ex-wife was still on title.
We secured total funding of £2.4 million and our case management team ensured not only the funds but also collected documents and ensured their delivery via our rapid deployment team that is used on time-sensitive matters.
Funds raise £2.4m
An established builder approached us to work with him on an auction purchase.
Working closely with him up to the bid day, we established a credit line on one of his unencumbered investment properties that allowed him to bid on the derelict uninhabitable rural property.
Our client was successful in their offer, and we were able to complete the loan under the auction conditions in 20 days.
Loan value: £200,000
A family had owned three separate residences on one title of which two were rented out. Their current lender refused to help restricting the fund-raising opportunity on the residence.
They approached us to clear t he first charge lender so that the title could be split into three and refinancing obtained.
Total funds raised: £400,000
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