Secured bridging loans case studies
Commercial funding:
'ABC Construction Limited' of Scotland owned a very large industrial freehold building on a business park in Edinburgh (yes we do lend north of the border!!!) which was valued in excess of £550,000. The Directors and company secretary of ABC Construction Ltd needed to raise the amount of £350,000 in three days to fund a commercial extension of the property to increase their production. Easy Fast Loans successfully completed the quick loan with one day to spare.
Residential loans:
'Mr & MrsX' had already agreed to purchase a retirement golf property in sunny Portugal to spend their golden years abroad in the lap of luxury. Their Devon home had more than enough equity even taking into account the fact that they still had to make a few more mortgage repayments. We quickly and easily arranged a four month short term loan to enable the property in the golf resort in Portugal to be purchased, so they didn't miss out on the villa and allow their house
to be sold under no pressure and with no rigid time scales.
Bargain property funding:
XYX building services of Hove had decided to purchase an investment property in Brighton without first organising any planning consent. We undertook a speedy valuation and we were able to quickly advance an initial sum of £350,000 in the form of secured bridging finance, which was dispatched electronically immediately. Once planning consent was forthcoming, we further advanced another £200,000 against an increased valuation ensuring a quick secured loan.
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