Case Studies

Bridge Finance

Mr O exchanged contracts to purchase a BTL property and his builder was allowed access prior to completion. Unfortunately for Mr O the builder had not completed the kitchen in time for completion and the lender held a full retention. Mr O stood to lose his deposit and the money he had spent on the building works. His broker asked us to step in and bridge the purchase while the works were completed and the introducing broker then completed the re-mortgage.

Mr H purchased 9 apartments with a bridge, he then split the title into 9 individual titles which enhanced the value and we arranged the BTL re-mortgages against an enhanced value for the individual units achieving overall funding of 97% of the original valuation.

A developer client purchased a residential development site in Cheshire at auction. We were able to support them with a Bridge for 100% of the purchase price due to a strong valuation. We then arranged a development facility with a bank raising 70% of the development cost and Mezzanine finance to make up the shortfall achieving 100% of the land and development cost.

A developer approached us to fund the purchase of his next site. His current site was close to completion and his bank would not fund his next site until this one was completed and bank repaid. We advanced a bridge against the nearly complete units on the site and paid off his existing bank and raised surplus cash. We also Bridged the purchase of the next site.

We then set up Buy to Let mortgages for the units as they were completed and a development facility for the new site.

Commercial Finance Broking

We were approached by an Investor who’s existing bank facility was coming to an end and was not happy with the terms being quoted by his existing lender. We were able to re-finance his mixed commercial investment portfolio achieving 80% LTV at 1.25% over Libor.