£2.1m Bridge Loan for a Student Halls Purchase
The Client
A client purchased a student halls property at auction from well renowned commercial agents Bonde Wolf. The client’s usual broker had let them down and was unable to deliver a solution at the last minute.
The Situation
The client was seeking a sizeable bridging loan of £2.1m to help assist with the purchase. After weeks of back and forth with their broker, and a lot of time wasted, the broker was unable to deliver due to the complex nature of the transaction. It was at this stage we stepped in to assist.
The Outcome
We met the client to fully understand the deal. Our specialist bridging team then negotiated the challenges with ease. Within 4 weeks, we had managed full draw down of funds.
“Unfortunately, we see clients at this stage of a transaction far too often, but it makes it even more rewarding to help the clients achieve their desired outcomes and see what it means to them.”
Sat Bhandal - Corporate Sales Director
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