AREA: Central London
AMOUNT RAISED: £300,000
PRODUCT USED: Bridging loan
We often encounter complex scenarios that require swift, tailored solutions. This case study highlights our ability to secure rapid bridging finance for an offshore company, demonstrating our expertise in handling international clients and intricate property structures.
Client Scenario
Our client, an offshore company with ties to South America, approached us with an urgent request.
They owned a substantial property in central London, valued at over £15 million, which was in the process of being sold. However, they needed immediate access to funds – approximately £300,000 – to cover pressing business expenses.
The challenge was twofold: the company’s offshore status and international connections, coupled with an extremely tight time-frame of just ten days.
Funding Solution
We quickly identified a lender experienced in dealing with offshore structures and comfortable with international connections.
Leveraging our strong relationships, we negotiated bespoke terms that not only met the client’s needs but also streamlined the application process.
Key elements of our solution included:
- Arranging a bridging loan secured against the London property
- Negotiating a streamlined valuation process, saving the client significant time and money
- Structuring the loan to accommodate the offshore company structure
- Expediting the due diligence process to meet the tight deadline
Final Outcome
Through our extensive network and expertise, we secured the following terms for our client:
- Loan amount: £300,000
- Loan term: 3 months
- Arrangement fee: 2% of the loan amount
- No early repayment charges
Most importantly, we completed the entire process within the required ten-day time-frame, allowing the client to access the funds when they needed them most.
This case exemplifies our ability to overcome complex challenges:
- We sourced a suitable lender comfortable with offshore structures and international connections
- We negotiated favourable terms and an expedited process
- We delivered a tailored solution within an extremely tight time-frame
Our extensive lender network, coupled with our expertise in handling complex international scenarios, allowed us to provide a solution that many might have thought impossible. Whether you’re an offshore entity, a UK resident, or an international investor, Bridging Finance London has the expertise and connections to secure the funding you need, when you need it.
