£2.7 million Commercial Bridging Finance deal

Need a multi-million pound commercial bridging finance deal? We have the banking contacts to provide a tailored solution where other lenders may not be able to help. To discuss this or any other large or complex mortgage case, please contact us on 020 7519 4984 or email us.

Case Profile

Our client required a large bridging loan to finance the development of a number of luxury properties. However, the proposal had limited appeal to lenders owing to the high-end nature of the site, its location, ownership structure, legal factors and the amount sought.

The client runs a multi-faceted business empire; including international property construction and management, and the ownership and management of prestigious properties and land in the UK.

The client owned the development site and had planning consent for a number of luxury residential properties. They sought bridging finance against this to support related costs ahead of construction and to underpin business cash flow.

Solution

Using their extensive range of contacts in private banks, our highly experienced specialist Commercial Team arranged a bespoke bridging loan for the client.

All aspects of the client’s situation were evaluated and we put a case together to present to lenders. We approached multiple lenders to ascertain their appetite for this form of lending. As a result of the strength of the case we presented, we were able to choose the offer from a lender with the best indicative terms and speed of completion.

The client was happy with the bespoke deal we arranged and was able to proceed with the new development.

Deal Highlights

Loan amount:£2.7 million
Rate:1% per month
LTV:50%
Term:12 months
Type:Interest only
Loan purpose:To release cash against unencumbered assets
Lender’s arrangement fee:2% of loan amount
Early repayment charges:None

Notes

This case study is for information and illustration purposes only. It is not an offer, or suggestion of an offer. Each mortgage case is assessed on an individual basis and there is no guarantee that the solution described here can be repeated in the future.

Please note that this specific deal may not be available to – or suitable for – all customers, dependent on their individual circumstances. The rate quoted may become out of date at short notice and may not be available at the point at which customers enquire about it. This document may not contain all the information needed for customers to make a decision and they should seek advice.

largemortgageloans.com is a trading name of largemortgageloans.com Ltd. A fee of up to 1.17% of the mortgage amount is payable, of this 25% is payable on application and the remainder on completion, e.g. on a mortgage of £1,000,000 the fee would be £11,700 of which £2,925 would be payable on application. The precise amount will depend on your circumstances.

Your home or property may be repossessed if you do not keep up the repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt.

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Your home or property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Changes in the exchange rate may increase the sterling equivalent of your debt. You may have to pay an early repayment charge to your existing lender if you remortgage. Think carefully before securing any other debts against your home.  

largemortgageloans.com is a trading name of Largemortgageloans.com Ltd, Aegon House, Ground Floor Suite, 13 Lanark Square, London, E14 9QD authorised and regulated by the Financial Conduct Authority (FCA). Our FCA registration number is 302228 and can be viewed by visiting the FCA website: www.fca.org.uk.  The FCA does not regulate tax advice or some aspects of commercial, buy to let, overseas mortgages, bridging finance, finance and asset lending.  

Largemortgageloans.com Limited is registered with the Guernsey Financial Services Commission, reference number: 2269418, as a Non-Regulated Financial Services Business.  

Largemortgageloans.com Ltd Registered in England and Wales No: 5070990 Registered Address: As above. The guidance and advice contained within the website are subject to the UK regulatory regime and is primarily targeted at UK customers. Calls may be recorded for training and monitoring.