Bridge Against Land Arranged within 3 days
Loan Amount – £1.5M
Advisor – Amadeus Wilson
LTV – 65%
Rate – 0.9% per month
Term – 12 months
Exit Fees – None
Lender – Together Commercial Finance
SPF Commission – £30,000
The client was a developer and needed finance to purchase land, but was let down by another lender just days before the deal was due to complete.
SPF pulled out all the stops and provided all the necessary documents and the lenders commercial underwriting team worked around the clock to get the deal over the line ahead of the clients completion date.
The client was delighted that we managed to achieve the impressive three day turnaround from the application being submitted to funding being received. This was only achievable because of our great relationship with Together and as we’ve worked with them many times, we knew we could rely on them to complete this time sensitive transaction.
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