Short term loan - £4M bridging solution01 November 2017
Loan amount: £4,042,318
One of the largest deals yet completed by our Commercial Mortgages business, this £4M+ loan was brokered by Pure Funding Solutions and originally sourced by RJW Associates.
An experienced investor and existing Shawbrook customer, the client wanted to repay a £3m loan and access funds for ongoing refurbishment costs across a portfolio of property. With close liaison between Shawbrook and the broker, together with the work of Shawbrook’s in-house legal panel Pure Law, complexities in ownership structure discovered during the application process were overcome to achieve a successful outcome.
This is a great example of how open lines of communication and a willingness to work in a flexible manner can pay dividends.
- rates from 0.55%
- up to 75% LTV
- loans from £50k to £15m
- no minimum term or minimum interest
"My thanks go to Andy Thurston and the rest of the Short Term Loan team at Shawbrook for the service they provided, which was as intelligent as we’ve come to expect.”
Danny Churchill, Director, Pure Funding Solutions