London Belgravia Specialist Finance (LBSF) has recently completed on a £1,300,000 regulated bridging loan in collaboration with Alternative Bridging Corporation.
The loan was required to support a time-sensitive business transaction and as a result, speed was of the essence.
Matthew Underhill, a Senior Broker at LBSF, introduced the case to James Bloom, Divisional Director at Alternative Bridging. The case was underwritten quickly with terms agreed at pace.
Alternative Bridging funded the client’s loan with agreed terms over 12 months at a monthly interest rate of 0.9% and LTV of 57%.
James Mole, Director, London Belgravia Specialist Finance commented:
“It has been a pleasure working with James and Alternative Bridging.
They are willing to go the extra mile to make sure a case gets over the line in a specified timeframe.
This loan was incredibly complex, given its regulated nature and unusual exit strategy, but Alternative Bridging handled it with ease.”
James Bloom, Divisional Director, Alternative Bridging said:
“We were delighted to assist this client of London Belgravia Specialist Finance. We have a very close relationship with them, and their knowledge of the market and attention to detail is second to none.
We were delighted to be able to complete the case quickly as needed by the borrower and look forward to assisting many more of LBSF’s clients.”