Positive Lending has completed a multi million pound bridging loan with United Trust Bank.
The deal – for around £7.5 million – was secured against country estates and Central London properties using a combination of first and second charges.
Chris Fairfax, managing director of the Bournemouth based specialist packager, said: “We are absolutely delighted to have completed this case as it reinforces the robustness of our proposition. We pride ourselves on delivering the best possible terms whilst offering the most generous commission available. I must thank the team at UTB for their excellent service throughout.
Alan Margolis, head of bridging at United Trust Bank, added: “This loan was an excellent example of using a bridging loan for complex property portfolio refinancing enable a customer to maximize the value of their property portfolio and also exit from a High Street lender.
“It highlights how varied and increasingly sophisticated bridging finance has become in the current financial environment.”