£1.9m Auction Bridging Loan to Secure Prime Residential Asset

• Client: UK-Based Property Investor
• Property Type: Residential Property (Auction Purchase)
• Property Value: Circa £2,750,000
• Loan Amount: Circa £1,900,000
• Loan Type: Auction Bridging Loan
• Purpose: Time-Sensitive Auction Completion

Global Bridging Finance was approached by an experienced property investor who required fast bridging finance to complete the purchase of a high-value residential property acquired at auction. As is typical with auction transactions, the client was required to complete within a strict 28-day timeframe, leaving little margin for delay.

While the client had strong asset backing and a clear exit strategy, traditional mortgage finance was not suitable due to the tight completion deadline and the property's condition, which required refurbishment prior to long-term refinancing. Speed, certainty, and lender reliability were critical to the transaction's success.

The property was secured at a competitive auction price, presenting a strong investment opportunity. However, delays at this stage would have resulted in forfeiture of the deposit and potential reputational risk for the client.

Leveraging our extensive experience in auction bridging finance, Global Bridging Finance quickly structured a suitable solution. We sourced a specialist bridging lender comfortable with auction timelines and residential assets, and secured terms based on a realistic loan-to-value ratio and a clearly defined refinance exit.

Indicative terms were delivered promptly, with credit approval issued shortly thereafter. Valuation and legal processes were fast-tracked, and close coordination between all parties ensured the transaction progressed smoothly. The loan was structured on an interest-only basis, providing the client with flexibility during the refurbishment phase.

Funds were made available in time for completion, allowing the client to secure the property without disruption. The planned exit strategy is to refinance onto a long-term residential mortgage once the works are completed.

This case demonstrates Global Bridging Finance’s ability to deliver fast, reliable auction bridging solutions, even under tight deadlines and complex transactional pressure.