London Credit completes £800k bridging loan on complex semi-commercial deal

Published on

Specialist lender London Credit has delivered an £800,000 bridging loan on a semi-commercial property in Chiswick, west London, enabling the borrower to unlock capital for reinvestment into a separate development scheme.

The loan was secured against a four-storey period building comprising a ground-floor and basement retail unit, with five self-contained flats arranged above and to the rear. The borrower had sought a five-week turnaround in order to preserve momentum on a forthcoming project.

Adding to the transaction’s complexity, the borrowing vehicle was an offshore company. London Credit nonetheless concluded the deal within the required timeframe, underscoring its ability to manage cross-border ownership structures and unconventional borrower profiles with efficiency.

The lender worked closely with all parties involved to navigate the more intricate elements of the case. Both the broker and borrower praised the firm’s transparency and reliability during the process and have since returned to work with London Credit on further transactions.

Constantinos Savvides (pictured), head of underwriting at London Credit, said: “This case reflects the type of transaction where our experience really adds value. While the offshore structure introduced an additional layer of complexity, our collaborative approach and clear communication ensured a smooth and timely completion.

“It’s always encouraging to see that level of service recognised by both the broker and borrower, and we’re pleased to have established a strong foundation for future business together.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of CO₂

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...

HTB provides £20m+ facility for land portfolio refinancing

Hampshire Trust Bank has completed a development finance facility in excess of £20m to...

Davisons Law joins conveybuddy panel

Conveyancing distributor conveybuddy has announced that West Midlands-based Davisons Law has joined its panel...

Latest opinions

A home shouldn’t be out of reach for those who keep the UK running

In a housing market that has grown steadily more selective, it is often those...

Richard Pike: A conference of positivity – Global ABS Day three

It’s time for reflection of the last three days here in Barca. To readers,...

Maximising embedded value and delivering a great service

While advisers understand the importance of looking after existing clients, nurturing your back book...

Open banking and smart data transformed finance – now it’s time to do the same for property

The UK is set for a 'smart data' revolution, a revolution which began with...

Other news

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of CO₂

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...