Location:
Berkshire
Gross Loan Amount:
£1,200,000
Property Value:
£1,800,000
Initial Circumstances
A client approached us for a short-term bridging loan to discharge their existing first charge lender and raise additional funds for investment purposes. The property offered as security was a fantastic commercial site generating a strong rental income.
MFS Solutions
To meet the client’s needs, MFS worked in a flexible manner and offered bespoke, favorable terms tailored to meet individual requirements. By instructing a valuer to complete the report within 24 hours and to speed up the process we engaged our solicitors to start the legal process simultaneously.
MFS was able to complete the transaction before the anticipated completion date needed by the client. The exit strategy was long term refinancing.
The Benefits
The client saved a lot of money as they didn’t default on any repayment date and were able to redeem the loan early without any penalty charges.
Further reading:
- Featured Product: Commercial & Semi-Commercial Bridging Loans
- Explainer Video: Commercial Bridging Loans
- Tool: Bridging Loan Calculator
- Report: The post-pandemic outlook of the UK commercial property market
- Blog: Commercial property tax guide – what taxes do investors need to pay and what are the allowances?
- Blog: What is the minimum EPC rating for commercial property?
