London Credit delivers £240k bridge to meet urgent commercial purchase deadline

Published on

London Credit has completed a £240,500 bridging loan to facilitate the purchase of a commercial property in Bedfordshire, just north of Luton.

The property consists of two retail units, both generating rental income from long-term tenants, including one of the UK’s largest takeaway chains.

The seller required an expedited completion to redeem an existing loan with a mainstream bank, placing emphasis on speed and certainty of funding.

London Credit moved quickly to assess the case and issue terms, responding to the broker’s request for a rapid turnaround. Close coordination between the lender, broker and borrower allowed the deal to complete within around six weeks, meeting the seller’s deadline.

The loan was structured at 65% loan-to-value over a nine-month term and secured against the commercial property.

The stability of the rental income from established tenants was a key factor in reducing investment risk and ensuring a straightforward outcome for the borrower.

Marios Theophanous

Marios Theophanous, credit manager at London Credit, said: “Successful bridging relies on quick decisions and dependable delivery, and this case is a clear example of how we provide both.

“By acting promptly and working in partnership with the broker and borrower, we were able to meet a challenging deadline while supporting the purchase of a property with a strong tenant profile.

“It’s a result that shows how a clear process and practical approach can help investors complete transactions when timing is critical.”

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

London exodus slows as leavers stay closer to the capital

The pandemic-era rush out of London is firmly in retreat with new figures showing...

Merry Christmas from Opus First Media!

Wishing you a Soup-er Christmas and a prosperous 2026! Between Christmas and the New Year...

Two-thirds of landlords plan to expand portfolios

Two-thirds of landlords are planning some form of growth activity in the year ahead...

High street banks line up in £2.5bn contest for Evelyn Partners

Barclays and NatWest Group have progressed to the second round of an auction for...

Improving mortgage choice and lower rates ease affordability pressures for homebuyers

Homebuyers entering the market this Christmas are benefiting from improved mortgage choice and lower...

Latest publication

Other news

London exodus slows as leavers stay closer to the capital

The pandemic-era rush out of London is firmly in retreat with new figures showing...

Merry Christmas from Opus First Media!

Wishing you a Soup-er Christmas and a prosperous 2026! Between Christmas and the New Year...

Two-thirds of landlords plan to expand portfolios

Two-thirds of landlords are planning some form of growth activity in the year ahead...