London Credit has completed a £1.53m bridging loan to refinance a commercial property in Luton, enabling a returning borrower to access capital for a new investment.
The transaction required a rapid turnaround, with the borrower needing funds within weeks to secure their next purchase. London Credit completed the deal in four weeks by managing valuation and legal processes in parallel.
The loan was structured at 60% loan-to-value on a 12-month term and secured against a commercial asset. The borrower used the released equity to move forward with new plans, highlighting London Credit’s capacity to support time-sensitive requirements in the specialist lending market.
The transaction follows recent changes at London Credit, which increased its maximum LTV on semi-commercial bridging loans from 65% to 70%, and shifted its valuation methodology to open market value (OMV) from 180-day valuations—both measures designed to improve leverage for brokers and clients.
Marios Theophanous, credit manager at London Credit, said: “With this case, speed was everything. The borrower needed to release capital quickly to secure their next investment, so it was crucial that we acted quickly while ensuring a seamless and streamlined process.
“Many lenders might have hesitated given the tight time frame, but we recognised the strength of the deal and worked proactively to get it over the line.
“This is exactly what we aim to deliver at London Credit. Bridging finance that works for real investors in real situations. By combining a common-sense approach, we’re able to give brokers and their clients the flexibility to move quickly when opportunities present themselves.”
