The Challenge Speed and complexity due to it being a heavy upgrade to fund. TENN Solution 12-month £5m-plus bridging loan, with the security being the residential property plus debenture, share pledge and cross-guarantees. Exit to be by sale to a pre-agreed buyer once the upgrade is completed.
Outcome & Value Created
5 weeks from issue of Offer Letter
Refinance plus partial funding of substantial upgrade
Managed a very complex application through extensive relationship-led process, working very closely with the Borrower’s key advisor
This was a very challenging transaction due to the considerable complexity of the client’s personal and corporate financial affairs, in relation to which there were several constantly moving parts.