Second charge bridging facility

Our client contacted us on 6 December and required funds to inject into her business by 18 December, 12 days later.

Second Charge Bridge - capital raise on an investment property

Background

Given that the client required the funds within 12 days, we needed to work closely with the lender and her solicitor to ensure that the application progressed as swiftly as possible with urgent need to obtain a valuation on the property and consent from the first chargeholder.

Amazing company. Luke was pro active, always on hand to take calls and reply to emails and knowing the situation Luke acted quickly and professionally to get the deal through smoothly and quickly, I would highly recommend

- A Chiriaco, Trust Pilot Review

Solution

We acted fast and arranged a six month second charge bridging facility in 12 days from initial enquiry to completion.

On completion the lender was impressed with our quick turn around and getting this across the line for the client: “Very impressed our end with yourself in order to enable this case to get over the line by 18th. We have it down as a 12 day turnaround from application lock in to completion, which is certainly up there with one of the quickest 2nd charges I know of.”

The client was delighted and it allowed her to inject the funds into her business with the repayment being through the sale of the property which was already being marketed for sale.

£0

Second Charge Facility

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Month term

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% Loan to Value (OMV)

Very impressed our end with yourself in order to enable this case to get over the line by 18th. We have it down as a 12 day turnaround from application lock in to completion, which is certainly up there with one of the quickest 2nd charges I know of.

- J Cash, SOMO (Lender)

National Association of Commercial Finance Brokers

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