£2.4M Bridging Loan Secured for Land Acquisition

• Client: Property developer
• Property Type: Strategic land site with planning potential
• Land Value: Circa £3.8M
• Loan Amount: £2,400,000
• Purpose: Short-term acquisition finance
• Timeline: 3 weeks to complete

A property developer approached Global Bridging Finance to secure funding for the acquisition of a prime parcel of land located just outside a major UK city. The site had strong planning potential, making it highly competitive, and the client needed to move quickly to secure the opportunity before rival bidders stepped in.

Traditional financing routes were not viable due to the time constraints and the non-income-producing nature of the asset. The developer required a lender who was comfortable providing bridging finance against land and who could work within a tight completion window.

Drawing on our experience in land transactions, we sourced a lender specialising in this area and negotiated a £2.4M bridging facility at around 63% loan-to-value. To streamline the process, a desktop valuation was used in combination with our direct liaison between solicitors, planners, and the lender’s underwriting team.

The bridging loan was completed within three weeks, enabling the client to acquire the site on schedule and proceed with their plans to secure planning approval for a mixed-use development.

This case exemplifies our expertise in arranging bridging finance for land acquisitions, where speed, market knowledge, and strong lender relationships are crucial to delivering successful results.