Hope Capital and other parties have worked collaboratively to secure a £2.25m bridging loan for a client who owned a residential terraced property in Camden, London and needed access to fast finance for business investment purposes.
The specialist short-term lender teamed up with UK Property Finance, Freeths and the client’s solicitor to find a solution. As time was of the essence, all the parties involved worked hard to speed the process up.
The partnership meant the legal works were completed within hours.
Lisa Gamlin, sales adviser at UK Property Finance, said: “The client was delighted that we made this happen. With all bridging finance cases, consistent communication and teamwork is key, to ensure a solution can be delivered. As always, it was a pleasure working alongside Hope Capital and I look forward to working with the team again in the future.”
Luke Hopkins, partner at Freeths, added: “It is always a good experience working with the team at Hope Capital. This was a complicated deal, which revealed a number of challenges, but with all the parties involved working collaboratively, we were able to find an appropriate solution for the client. I always feel extremely confident working with Hope Capital that we can progress any loan we deal with rapidly and this case was no exception.”
Gary Bailey, managing director of Hope Capital, concluded: “We were delighted to have helped the client find a solution and to show once again, the value of having a strong relationship established between the lender, broker, solicitors and surveyors involved.”