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CASE STUDY OF THE WEEK – A £1.22m SEMI-COMMERCIAL BRIDGING LOAN

SPF

Picture of Natalie Glover

Natalie Glover

Bridging & Development Adviser

Our client approached SPF through recommendation when looking to refinance away from an interest only mortgage which had expired and was now over term. A quick turnaround was required to redeem this mortgage as well as capital raise £350k to inject into the client’s other sites, whilst the security address was awaiting sale.

Natalie Glover was able to secure the client a semi-commercial bridging loan at 70% LTV with Together and the transaction was turned around in 15 working days from instruction to completion.

All parties worked together seamlessly to make this deal happen.


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