Securing Bridging Finance for a Major International Development Project

Background
Our client, a distinguished developer based in the UK, approached us with an exciting opportunity involving a premium landmark property valued at over €20 million in northern Europe. The client intended to use this property as collateral to raise bridging finance, with the goal of securing funds to support another development project. Speed was crucial, as the exit strategy involved selling the developed property to repay the loan and realise a profit.

The Challenge
Despite possessing a significant asset base and extensive experience in property development, our client potentially encountered several challenges in obtaining the necessary financing. The complexities of the situation included:

High Property Value: The €24 million valuation of the landmark property required considerable effort to appraise, given its scale, age, and uniqueness.

Urgency for Funds: To maximise potential gains and avoid costly delays, our client needed to secure funds swiftly. The tight timeline necessitated immediate action and a suitable bridging finance solution.

Cross-Border Considerations: Since the property was located outside the UK, we had to navigate the complexities of cross-border finance, including varying regulations and lender requirements in different jurisdictions.

How We Made It Happen

Recognising the urgency of the situation, we immediately set to work to streamline the process. Here’s how we successful source the best terms of our client:

Identifying the Right Lender: Leveraging our extensive network, we sought lenders with expertise in high-value bridging finance for international properties. We prioritised those with experience in similar cross-border transactions.

Crafting a Compelling Case: We developed a comprehensive financial profile that highlighted the client’s substantial asset value, experience in property development, and the potential returns from the upcoming project. This detailed presentation instilled confidence in prospective lenders.

Accelerating the Process: Given the tight timeline, we coordinated closely with all parties involved to ensure a swift and efficient application process. Our established relationships and familiarity with the lending landscape allowed us to minimise delays and expedite decision-making, securing the best offer for our client.

The Outcome
As a result of our strategic efforts, we successfully secured a bridging loan offer for our client, enabling them to move forward with their development project. This case exemplifies our ability to navigate complex financial situations, particularly in cross-border contexts.

This success illustrates how, by leveraging our expertise and industry connections, we assist clients in achieving their property ambitions quickly and with confidence, ensuring a stress-free experience throughout the financing process.

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