FORGOT PASSWORD?
REGISTER

Residential Bridging Loan
Location - London, W2
Value - £585,000
Loan Type - Residential Bridging Loan

A property company director owned her personal residence in a partially owned corporate vehicle and occupied the apartment under an Assured Shorthold Tenancy. The purchase had been financed by a challenger bank.

For personal reasons the remainder of the shares in the corporate were transferred to the director which change of control breached the terms of the bank loan.

As a result of the breach, the lender appointed a receiver and ABC have provided funds to repay the bank loan before the property could be sold by the receiver to a third party

Issues:

  • The involvement of the receiver
  • Time constraint
  • Corporate structure
Commercial
Property Loans
Finance for the property industry and business community
Residential
Property Loans
Short-term loans for homeowners and residential investors
Development
Finance
Individually structured development finance for residential and commercial projects
Alternative
Overdraft
The ALTERNATIVE Overdraft provides a flexible loan facility which can be drawn upon whenever required.
Alternative
Term Loan
Individually underwritten loans by people for people, not tick boxes and algorithms.