Alternative Bridging Corporation has completed a £4.5m funding package for a repeat client, structuring three distinct loan facilities to refinance and fund a complex portfolio of commercial and residential properties across the North of England.
The deal encompassed a refinance of an existing commercial bridging loan secured on investment properties, a development exit facility for a completed residential scheme, and funding for a pre-let retail and office investment.
Rather than viewing the transaction as overly complex, Alternative Bridging dissected the borrower’s needs and delivered a simple, workable solution by arranging three separate facilities tailored to each asset type.
The deal builds on a period of strong activity for the lender, which recently enhanced its commercial bridging proposition and secured a £150m funding line to expand its residential bridging capacity.
Paul Gavin, head of sales at Alternative Bridging Corporation, said: “Successfully delivering a complex deal like this isn’t magic, it is experience. We sat down with the client to fully understand what was needed, then identified how we could split the requirement into three straightforward loans.
“We agreed terms quickly, obtained updated valuations where needed, and moved to issue the individual loan offers. From there, our underwriting team worked closely with our legal partners and the client’s solicitors to deliver each element smoothly. The result was a delighted client and a broker who we’re proud to continue supporting.”
