RYSE Finance completes bridging loan on three Shoreditch offices
The lender said the funding allowed the borrower to act on a time-sensitive property deal.
RYSE Finance has completed a bridging loan secured against three office units in Shoreditch.
The lender said the funding allowed the borrower to act on a time-sensitive property deal.
Orwins, formerly BBS Law, handled the legal work through Harry Wilshaw and Avi Barr.
James Cohen of Grant Stanley Chartered Surveyors & Property Consultants assisted with the valuation.
Joel Zimmer, director at RYSE Finance Ltd, said: “Deals like this are a reminder that strong fundamentals (location, unit quality, tenant appeal) still attract capital quickly, provided the funding can move at the same pace as the opportunity.
“Cases like this are exactly where bridging comes in, giving borrowers the speed and certainty to act decisively on assets that won’t sit on the market for long.”
Related
RYSE Finance completes bridging facility on pub portfolio
FRP Real Estate Advisory structures £7.9m acquisition bridging loan for Mayfair asset
TAB completes £2.8m commercial bridge to support portfolio expansion
Albatross completes £1.52m bridge across three Somerset commercial assets
Mercantile Trust completes £425,000 bridging loan in three days
Roma Finance completes £1.1m commercial bridge in seven days
Somo provides £330k bridging loan to complete auction purchase in 18 days
Shawbrook increases maximum commercial bridging LTV to 75%
Ultimate Finance provides £994,000 bridge for six-home acquisition
ScotLend completes Edinburgh bridging loan in two working days
Loans Warehouse completes £787,500 regulated bridging loan with Precise Mortgages
