• Location
    Stirling, Scotland
  • Loan Type
    Commercial
  • Loan Amount
    £770,000

£770k Stirling and Falkirk commercial bridging loan

The Issue

Alternative Bridging Corporation faced an interesting challenge when partnering with DMK Finance on an extensive financial venture—a £770k Stirling and Falkirk commercial bridging loan was required in Scotland aimed at facilitating the acquisition of two industrial buildings. These properties presented distinctive complexities that demanded a strategic and cooperative approach.

 

The Remedy

Stirling Property:

The Stirling property, initially an empty industrial building, provided an opportunity for the borrower to subdivide it into three distinct units. Following renovations, these units would accommodate three businesses owned by the borrower. This will provide more useable space for those businesses as well as a cost-saving on the rent they are currently paying.

Falkirk Property:

The Falkirk property is also an industrial building. It is currently subdivided into 11 units, all of which are presently let. This commercial acquisition will allow the borrower to acquire the investment properties, which will be refurbished and modernised. This will provide the potential to renegotiate the leases in place, to increase the yield on the investment.

Additionally, complexities emerged with the imperative need for up-to-date asbestos reports and Energy Performance Certificates (EPC). Despite these hurdles, Alternative Bridging Corporation collaborated effectively with the broker and legal team, showcasing a flexible and proactive approach to surmounting the intricacies.

 

The Outcome

Alternative Bridging Corporation successfully delivered a first-charge commercial loan while working in collaboration with the broker and the lawyers. They effectively navigated through these challenges, leading the client to complete the acquisition of both properties.

This case presents the company’s ability to provide innovative solutions, highlighting its flexibility and proactivity. The successful collaboration also shows the strength of relationships within the Synergy Network, particularly with esteemed member firms like DMK Finance.

The positive outcome not only reinforces Alternative Bridging Corporation’s unwavering commitment to delivering tailored financial solutions. It also demonstrates the efficiency of its collaborative partnerships within the dynamic financial landscape.

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