£2.25m bridging loan secured by Hope Capital

Specialist short-term lender, Hope Capital, has secured a £2.25m bridging loan for a client who owned a residential terraced property in London.

The client needed access to fast finance for business investment purposes and Hope Capital collaborated with UK Property Finance, Freeths and the client’s solicitor to find a solution.

As time was of the essence, all the parties involved worked hard to speed up the process, with legal works completed within hours.

Due to the value of the bridging loan needed, Hope Capital suggested that completing legal works so quickly was a “true testament of the exceptional service and collaborative effort” from each party involved.

“We were delighted to have helped the client find a solution and to show once again, the value of having a strong relationship established between the lender, broker, solicitors and surveyors involved,” commented Hope Capital managing director, Gary Bailey.

UK Property finance processing executive, Sian Taylor, said: “The client wanted fast finance and that is exactly what was delivered by the team at Hope Capital and everyone else involved. The smooth process delivered by Hope Capital was a relief to the client and for the processing team at UK Property Finance.”

Freeths partner, Luke Hopkins, added: “This was a complicated deal, which revealed a number of challenges, but with all the parties involved working collaboratively, we were able to find an appropriate solution for the client.”

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