£3.6 Million Commercial Bridging Loan for Office Acquisition

• Loan Amount: £3,600,000
• Security: Commercial Office Building, Manchester
• Value: £5,000,000
• Time to Complete: 14 Days

Global Bridging Finance recently assisted a property investment company in securing a £3.6 million commercial bridging loan to acquire a prime office building in central Manchester. The property was being sold at below market value due to the vendor’s urgent timeline, presenting the client with an attractive opportunity to expand their portfolio.

However, the timescale posed a significant challenge. Traditional commercial mortgage lenders were unable to act quickly enough, and the client risked losing the deal. Global Bridging Finance stepped in to arrange a short-term bridging facility, secured against the building itself, with completion required in just 14 days.

Our team worked closely with both the lender and solicitors to streamline the process, ensuring due diligence and valuation were completed without delay. The facility provided a 72% loan-to-value (LTV) ratio, giving the client the flexibility to purchase the asset outright.

The bridging loan not only enabled the acquisition to be completed on time but also provided the client with breathing space to refinance onto a long-term commercial mortgage. By acting quickly and structuring the loan to align with the client’s exit strategy, Global Bridging Finance ensured the opportunity was secured without disruption.

This case illustrates how commercial bridging loans can be a vital tool for investors and businesses, providing rapid access to capital when timing is crucial.