We successfully arranged a £12 million bridging loan secured against two prime residential properties in central London. The facility was provided at a 70% Loan-to-Value on day one and was used to refinance existing debt and fund the completion of works.
The loan supports the transformation of the properties into two luxury four-storey townhouses, enhancing the value of these prestigious assets. The borrowers were two UK-based property holding companies, with security structured as follows:
- First legal charge over the two primary properties
- Additional security over a third property
- Personal guarantee from the Ultimate Beneficial Owner
This transaction highlights our ability to provide tailored bridging finance solutions for high-value, complex scenarios in both prime London locations and internationally.