£2.9 Million Residential Bridging Loan for Prime London Property

• Loan Amount: £2.9 million
• Security: Residential townhouse, Central London
• Property Value: £4.3 million
• Time to Complete: 12 days

Global Bridging Finance was instructed by a client who required rapid access to capital to purchase a prime townhouse in Central London. The property, secured at a competitive price, required an exchange and completion within a short timeframe, leaving little room to pursue traditional mortgage funding.

The client, a high-net-worth individual with an extensive property portfolio, approached us for a short-term solution that would provide the necessary funds quickly. After assessing the client’s requirements, we sourced a £2.9 million residential bridging loan secured against the townhouse, which carried a market value of £4.3 million.

Time was critical. The vendor required completion within two weeks, and the client needed assurance that funds would be available without delay. Working closely with our trusted lender panel, we were able to issue indicative terms within 24 hours. Valuations and legal work were prioritised, and through efficient coordination between all parties, the loan was completed in just 12 days.

The bridging facility was structured with a 12-month term, providing the client with ample time to arrange a long-term refinance at more favorable terms. By leveraging our market expertise and established lender relationships, Global Bridging Finance ensured a smooth process, allowing the client to secure the townhouse without missing the opportunity.