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November 18, 2016

Quick Case Study: £903,000 released at speed

Successful broker-lender partnerships are vital to client retention. LendInvest has worked with LoansWarehouse on three deals to date.  This £903,000 deal, executed successfully for a client returning to use LoansWarehouse’s services, is a strong endorsement of the diligent work ethic established between LendInvest and Loans Warehouse.

The detail

Broker: Loans Warehouse, Simba Mupamhanga
Borrower: Experienced property developer
Location: Lincolnshire
Loan size: £903,000
LTV: 60%
Product: Bridging finance

The challenge

The Loans Warehouse had a returning client looking for fast access to short-term finance to assist them in purchasing a piece of land for development.

The solution

The LendInvest team worked closely with Loans Warehouse broker Simba Mupamhanga to complete the deal within ten days. The Loans Warehouse facilitated the deal’s quick completion delivering timely information on the borrower for a swift loan assessment. With an attentive, proactive approach we ensured a turnaround at optimal speed.

This is the second of three deals LendInvest has worked on with Loans Warehouse.

A speedy testimonial

Matt Tristam MD of LoansWarehouse said: “There is no endorsement better than a returning customer; so we’re even more delighted than normal to have completed a second bridging loan today for an existing client’s latest land purchase. Great service from Magnus Duke-Dadzie and the LendInvest team, resulted in nearly £1,000,000 being released today and we were even able to use the clients existing valuation. Of course the original introducer received commission to the new loan too.”

If this sounds like an approach that would work for your clients, get in touch: