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.

[tds_create_account btn_bg_h="#000000" f_text_font_family="global-2_global" show_version="" tdc_css="eyJhbGwiOnsiYm9yZGVyLXJhZGl1cyI6IjUiLCJkaXNwbGF5IjoiIn19"]

Latest articles

Hope Capital celebrates record quarter as it enters 14th year

Hope Capital has marked its 14th anniversary with its strongest quarter since the lender’s...

Mortgage industry sees progress on mental health but one in five remain at risk

The mortgage industry is making measurable progress in addressing the mental health of its...

Gen H launches part and part mortgage for buyers with 5% deposit

Gen H has unveiled a new mortgage designed to help first-time buyers and households...

NCA and Law Society join forces to fight property fraud

The National Crime Agency (NCA) and The Law Society have launched a joint campaign...

Brokers call for signposting as non-standard insurance demand grows

Growth in demand for non-standard insurance is exposing gaps in cover that brokers say...

Latest publication

Other news

Hope Capital celebrates record quarter as it enters 14th year

Hope Capital has marked its 14th anniversary with its strongest quarter since the lender’s...

Mortgage industry sees progress on mental health but one in five remain at risk

The mortgage industry is making measurable progress in addressing the mental health of its...

Gen H launches part and part mortgage for buyers with 5% deposit

Gen H has unveiled a new mortgage designed to help first-time buyers and households...