£1.2m Semi-Commercial Bridge

£1.2m Semi-commercial Bridge

The Issue

In South East London, a business that was the anchor tenant of a semi-commercial property had the opportunity to purchase the property from their landlord. The property was valued at £2 million but the tenant was able to secure the property at £1.5 million – well below the market value. To take advantage of this, the tenant required a £1.2 million semi-commercial bridging loan. With the purchase being time-sensitive, they needed a swift financial solution to secure the property before the offer expired.

The Remedy

Alternative Bridging Corporation provided a semi-commercial bridging loan of £1.2 million to aid the property purchase. The loan was completed within 20 working days, with 10 days from the receipt of the valuation to final completion. A streamlined process was made possible due to the close cooperation between all parties, including the borrowers, their solicitors, and Alternative Bridging’s team. The transaction’s smooth handling was done with professionalism and efficiency was shown throughout the process.

The Outcome

Thanks to the swift completion of the £1.2 million semi-commercial bridging loan, the tenant successfully acquired the property from their landlord at the discounted price of £1.5 million, securing significant value. The loan was completed within the required timeframe, enabling the client to take full advantage of the purchase opportunity. The cooperation between the borrower’s legal team and Alternative Bridging played a key role in ensuring a smooth and efficient transaction. This case highlights Alternative Bridging’s ability to deliver quick, tailored solutions under pressure, supporting clients in making valuable acquisitions.

Are you looking for a commercial loan? Speak to our team today on how we can help you purchase your property without the fuss.