Alternative Bridging Corporation has provided a £560,000 light refurbishment loan for a property owner in Barnet.
The client was in need of a solution following the withdrawal of their original lender at the last minute.
The property in North London had planning permission for a change of use from a clinic to a three-bedroom residential family home.
The client required urgent finance for both the purchase and light refurbishment of the property.
The team at Alternative Bridging ensured that the loan was secured in five working days; due to the tight timeline, the lender reused the existing property valuation and implemented a streamlined loan approval process to meet the deadline.
Taylor Osunsedo (pictured), business development manager (BDM) at Alternative Bridging Corporation, said: “The primary focus for myself and the team was meeting the borrower’s needs and expectations.
“We recognised the urgency of their situation and ensured the process started quickly and that each element was managed efficiently.
“The team worked hard to meet the deadlines and the client’s expectations.”
Osunsedo added: “It’s rewarding to see how our proactive approach enabled the borrower to proceed with their project without any unnecessary delays.
“Their satisfaction is a testament to our commitment to delivering exceptional service, no matter the challenges we face.
“I’d like to extend my appreciation to the case manager, Divya Patel, and underwriter, Robert Seymour, for their efforts on this case.
“Their hard work was instrumental in finalising the deal in just five working days.
“A special thank you also to Lawrence Stephens and Asserson Law Offices for their dedicated contributions in ensuring the successful and prompt completion of this deal.”
