Fast Track £2m Commercial Bridge Hampshire

The Issue

A borrower in Hampshire required a £2 million commercial bridging loan to secure the purchase of a commercial property. The challenge came about when the property was slightly down-valued, and the client required additional funds beyond their usual limit to cover the asset purchase. The borrower needed a fast bridging solution to proceed with the purchase and add the property to their growing portfolio of commercial and residential properties. The timing of the deal, in December 2022, also posed challenges due to the typically slower processing during the festive season.

The Remedy

Alternative Bridging reacted by providing a tailored commercial bridging loan and increasing the Loan-to-Value (LTV) to meet the client’s funding needs. The loan was completed in just three weeks, a swift turnaround that required close collaboration between Alternative Bridging, the client’s brokers at Key Capital Ltd and the borrower. The team ensured that valuations were conducted quickly and efficiently, overcoming the typical delays associated with the holiday season. This flexibility and speed enabled the client to proceed with the purchase in a timely manner.

The Outcome

The commercial bridging loan was successfully completed within three weeks, allowing the client to purchase the property and expand their investment portfolio. The quick turnaround, particularly during a traditionally slower time of year, demonstrated Alternative Bridging’s commitment to providing high levels of service and flexibility. The case highlighted the expertise and ability of Alternative Bridging to meet client needs under pressure, providing bespoke financial solutions that go beyond the usual lending parameters. This successful transaction further solidified a strong relationship with the brokers and their client, showcasing Alternative Bridging’s capacity to deliver when it matters most.

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