First to complete was a £2.4 million loan for a residential purchase of £4.5million for financial services distributor Brilliant Solutions.
Andrew Edwards of Brilliant explains:
“Brilliant Solutions recommended Masthaven to the introducing broker and their client for this deal due to a number of factors. Whilst the deal was the best for the client from a rate and fees point of view, Brilliant also knew that Masthaven would be able to offer the speed and flexibility to process a loan of this size in a timely and professional manner.
"Based on the experience of a previous transaction we had placed with Masthaven for the same broker, all parties went into this loan full of confidence that Masthaven would deliver on what they promised at the outset.
"Brilliant Solutions and the underwriting team at Masthaven worked together to get this case across the line. Even a last minute issue did not delay release of funds as Masthaven’s legal team pulled out all the stops to enable the funds to be sent out at very short notice."
Matthew Arena, Managing Director of Brilliant Solutions added:
"This is an example of the lender, distributor and broker working together to get the best deal for all concerned. Not only did the client receive more favourable terms, but the broker earned more for this case than he would by going to a lender directly due to the excellent relationship between Masthaven Bridging Finance and Brilliant Solutions.”
Next up was a £2.85million loan that was also on a residential purchase - a straightforward deal for Masthaven, which was completed with the minimum of fuss.
A £425,000 loan plus several smaller ones ensured that whilst tax returns and football transfers were the headline of the day for many an introducer on the 31st January, Masthaven once again gave the surety of decision and security of hitting completion deadlines for which they have become known.
Richard Deacon, Sales & Marketing Director of Masthaven summed the day up:
"When all eyes were on Jim White and the team at Sky Sports News, Masthaven towers was a hive of activity ensuring all loans got paid out in a timely fashion. It is a sight to behold when both introducing broker and underwriter are working as a team to get over the final hurdle and provide the client with the funds they require. The larger deals are always the headline makers, but for Masthaven it is a day-to-day occurrence which we hope to continue throughout the year."
