London Credit has completed an £800,000 bridging loan secured against a semi-commercial property in Chiswick, West London.
The funding enabled the borrower to release capital for reinvestment into a separate development project.
The loan was secured against a four-storey period building, comprising a retail unit across the ground floor and basement, with five self-contained flats located above and to the rear.
The borrower wanted completion within five weeks to maintain momentum on an upcoming project.
The borrowing entity was an offshore company, which introduced an additional complexity to the transaction.
Constantinos Savvides (pictured), head of underwriting at London Credit, commented: “This case reflects the type of transaction where our experience really adds value.
“While the offshore structure introduced an additional layer of complexity, our collaborative approach and clear communication ensured a smooth and timely completion.
“It’s always encouraging to see that level of service recognised by both the broker and borrower, and we’re pleased to have established a strong foundation for future business together.”
