Bridging offer in 6 days: capital raise for Ltd Co landlord
See our bridging loans for landlords here.
Location: Tunbridge Wells
Loan amount: £262,500
LTV: 75%
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An experienced limited company landlord was seeking fast funding for this deal, a capital raise on an unencumbered property on his portfolio.
This was to help fund another property project he was working on, and would involve a quick refinance as a Buy-to-Let loan.
With time being of the essence, our team worked quickly. After receiving their instant Head of Terms from the enquiry, in total it took 6 working days to receive their offer, with legals being completed only a week after.
Victoria Barnard, Business Development Manager on our Bridging Team, said about the deal:
‘This is a great advert for the speed and flexibility bridging can offer landlords looking to maximise the potential of their portfolios.
‘This customer’s first instinct was a Buy-to-Let capital raise, but they understood that wouldn’t happen as quickly as they needed, so they came to us for a bridge, and our technology-enabled approach to lending was able to power instant decisions and fast updates to the deal to get them the funding they needed as they needed it.’