London Credit has completed a £325,000 bridging loan for the urgent purchase of a commercial property in Birkenhead.
The loan was agreed at 65% loan-to-value (LTV) over a 12-month term and was secured against the property.
The borrower, a returning client with experience in property investment, needed to complete the purchase quickly.
London Credit secured approvals, instructed valuers and solicitors to work in parallel, and completed the deal in under three weeks.
Marios Theophanous (pictured), credit manager at London Credit, said: “This case is a great example of what we do best.
“The borrower needed certainty and speed, and we delivered both.
“By moving quickly and working closely with all parties involved, we were able to complete the deal within the tight timescales.
“We understand that brokers and their clients often need quick decisions and this deal shows that with the right team and a practical approach, it’s possible to get the result that’s needed.”
