• Location
    Culcheth
  • Loan Type
    First charge
  • LTV
    65%
  • Loan Amount
    £2.6M

Overcoming Complexities for Seamless Purchase 

Culcheth Shopping Centre £2.6m Commercial Bridging Loan:

 

The Issue

In Culcheth, Cheshire, Alternative Bridging collaborated with Clever Commercial Finance. The borrower (a member of Synergy Network) required a £2.6 million commercial bridging loan for the purchase of Culcheth shopping centre. The centre’s down-valuation and numerous leases and licenses added layers of complexities to the transaction.

 

The Remedy

Despite challenges such as unilateral notices on the titles and expired licenses, Alternative Bridging, the broker and legal teams, navigated the complexities successfully. Through proactive collaboration, we successfully cleared obstacles and facilitated a first charge loan for Culcheth Shopping Centre, enabling the client to proceed with the purchase.

 

The Outcome

This case exemplifies Alternative Bridging’s commitment to flexibility and proactive problem-solving, ensuring successful outcomes for clients. Moreover, it underscores the strength of our partnerships with industry leaders like Synergy Network and it’s member firms like Clever Commercial Finance. This collaborative approach not only overcomes challenges but also builds lasting relationships. This reaffirms our position as a trusted partner in navigating complex commercial bridging loan transactions in Culcheth and beyond.

James Bloom, Director at Alternative Bridging Corporation, says: “We were delighted to receive this enquiry from Marc Turner, who is a member of the Synergy Network. We do a lot of business with the network and they are a key partner of ours.  Culcheth Shopping Centre was a complex and commercial deal, both of which are elements that some lenders shy away from. However, we have more than 30 years’ experience in the lending business and were able to overcome the many issues with this case.”

“During the process, both the introducer and client said to us that most lenders would have given up, but not Alternative Bridging!   Our team persevere until the case is completed and wherever possible we show flexibility, which is borne out of our extensive property and lending experience. We were delighted to complete this commercial bridging case and protect the client’s substantial deposit which they were in danger of losing. We look forward to the next deal with the Synergy Network.”

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