The complex loan for circa £7.5 million was secured against country estates and Central London properties using a combination of first and second charges.
Positive Lending provided the best available terms to secure the business after experiencing fierce competition from other brokers, packagers and lenders throughout the application process.
Chris Fairfax, Managing Director, comments:
“We are absolutely delighted to have completed this case as it reinforces the robustness of our proposition. We pride ourselves on delivering the best possible terms whilst offering the most generous commission available. I must thank the team at UTB for their excellent service throughout.
Alan Margolis, Head of Bridging at United Trust Bank, comments:
"This loan was an excellent example of using a bridging loan for complex property portfolio refinancing enable a customer to maximize the value of their property portfolio and also exit from a High Street lender. It highlights how varied and increasingly sophisticated bridging finance has become in the current financial environment.”
