A Speedy Re-Bridge – Enquiry to Release of Funds in less than a week

A Speedy Re-Bridge – Enquiry to Release of Funds in less than a week

A broker came to us with a client who needed a bridging loan to be completed quickly in order to repay a previous bridging loan that was coming up to term soon. The Property comprised of a recently converted 12 Bed HMO that would be fully let to students. The exit for the current loan was via sale of another asset which hadn't yet sold.

Going over term would have meant higher fees and charges which could be avoided with a quick re-bridge.

THE SOLUTION:

We immediately got to work and managed to turn around the valuation in 4 days.The solicitors were then instructed straight away and the case was ready to complete in under a week.

HIGHLIGHTS:

Loan Amount: £515,000

Rate: 0.74% pm

Term: 12 Months

Interest Only

Bridging Finance Highlights with Crystal

Excellent rates from 0.42% pm

Up to 80% LTV

Fast track completions

Loans from £10k - £30m

Desktop valuations possible

Dual representation available

Products with No exit fees / No ERCs available

Adverse considered

BMV considered
All property types considered