Enness Global provides £1.75m bridging loan for overseas purchase
Enness structured the bridging loan across two UK residential properties, with a second charge taken over one asset.
Enness Global provided a £1.75m bridging loan secured against two UK residential properties valued at roughly £3.3m.
The client, who had recently moved overseas, needed short-term funding to complete a CHF 20m home purchase.
The transaction had to be finished in the first week of January or the client would lose the property.
The client owned several UK homes and wanted to sell one but did not want to rush due to uncertain market conditions.
A bridging loan was needed so the client could complete the purchase without having to sell quickly and risk a lower price.
The solution delivered speed and certainty, allowing flexibility around the timing of future property sales and preserving the client’s existing mortgage arrangements.
The deal was completed in eight working days during the Christmas period, a time when lender and legal processes are often slower.
Enness worked with specialist bridging lenders, solicitors, and valuers to secure the loan with a second charge on one of the properties and left the client’s existing long-term mortgage undisturbed.
Enness structured the bridging loan across two UK residential properties, with a second charge taken over one asset.
This enabled the client to raise the required funds without disturbing their existing mortgage or forcing an expedited sale.
The client completed the overseas property purchase on time and retained control over their UK sale strategy.
Related
Enness arranges £10m plus bridging loan for prime central London property acquisition
Ultimate Finance provides £1.14m loan for 28-property purchase
MERA provides £3.25m bridging loan for London hostel
Somo provides £330k bridging loan to complete auction purchase in 18 days
Colenko completes £570,000 bridging loan in 48 hours
Enness Global arranges commercial bridge for London industrial property
Hope Capital Property Finance provides £2m for Futurity Finance commercial property purchase
GoGoProp completes £257,000 Manchester bridging loan in 10 days
RYSE Finance completes bridging loan on three Shoreditch offices
Mercantile Trust completes £425,000 bridging loan in three days
BuildLoan and Precise deliver £1.2m bridging loan in 11 days
