A North of England property investor required an urgent bridging loan to repay a historic banking relationship, in advance of a longer-term portfolio refinancing being arranged.
The security comprised in excess of 70 properties comprising offices, shops, residential, land and hotel properties. The challenge was dealing with a large, diverse portfolio in a limited period.
ABC liaised closely with the borrower and avoided delay by accepting the existing valuation of the commercial portfolio and worked closely with its valuer for the residential assets.
By utilising a mixture of title Insurance and standard legal due diligence, a tight timeframe was adhered to enabling the loan to complete on time.