21/03/2024
DEAL COMPLETE! Speed was crucial!
This one certainly had its challenges. The client was buying a veterinary practice with a very solid, non-negotiable completion date. However the commercial lender and their solicitor were taking too long to perform, and wouldn't be ready in time.
We therefore had to do several bridging loans across several assets, including this one in particular. One of the bridging loans was meant to be a second charge against another property, but it took too long for the first charge lender to say they wouldn't consent to a second charge.
With how long the other bridging lender had taken on the other bridge, and now we were 1 week from needing funds and back to square one, we needed a lender who would not need a valuation and could perform in time, and on a different asset.
A call was made to this lender at 6pm on Friday, as a brand new enquiry. They completed in 4 workings day.
If you need lightning speed, we have lender who can perform in days, not weeks or months!
http://www.helixsf.co.uk/contact/
[email protected]
