Commercial Bridging Finance
Commercial Bridging Finance on a 2nd charge basis (Mr K Case Study – 15/05/2012)
Mr K required urgent funding within 7 days to be secured against his London based commercial investment property in order to repay a debt. He didn’t want to touch his first charge mortgage as the current rate was so low and he needed the finance ASAP. We managed to secure the Bridging Finance required in 5 days which gave the client extra breathing space before having to repay the outstanding debt. Our lender didn’t require a valuation of the property which saved time and their solicitors were instructed from day one to make sure the deadline was met.
FAST, COMMERCIAL BRIDGING FINANCE , FOR ANY LEGAL PURPOSE
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