This case began with an old friend of Matt Watson, Pierre Blampied from SPF Private Clients, approaching Tenn with a client who was engaged in a highly competitive property acquisition process. The client, a company looking to purchase a prime property in Guernsey, was racing against time. The competition meant they needed to secure funding quickly to stand a chance at acquiring the property.
Tenn proposed a classic bridge loan solution to the client. The loan terms included a £1.5 million loan with a LTV of 45%.
- Due diligence was performed to assess the client’s creditworthiness and evaluate the feasibility of the bridge loan.
- Site visits were conducted to inspect the target property, ensuring Tenn was happy with the security position.
- Property valuations & legal due dilegnce were carried out.
We want to express our gratitude to Pierre Blampied at SPF Private Clients for bringing this business to us. With trusted partners like Pierre, we can provide timely and effective financial solutions to our clients.
Tenn’s ability to expedite the bridge loan process within three weeks allowed our client to secure the desired property. It serves as a testament to our commitment to meeting the unique financial needs of businesses and individuals.