Capital & Equity and CBL complete £1.1m second charge loan in five days

By Bridging Loan Directory 2nd August 2013

West Midland based packager Capital & Equity plc have completed a £1.1m second charge business loan for a HNW business client with Central Bridging Loans in 5 days.

The loan was secured against the client’s residential property at 1.45% per month, over a three month term, at an unprecedented LTV of 84% of the 180 day property value, completion occurring in five days including consent being required from the principal mortgage lender HSBC Bank

Keith Robinson, CEO of Capital & Equity commented:

“John & his team never fail to impress me or fail to deliver. They simply do what they say from day one on any case and offer unparalleled facilities & service, which we cannot obtain anywhere else in the bridging marketplace. Completing a loan of this size and this LTV so quickly was fantastic for both us and the borrower.”

John Clifford, MD of Central Bridging Loans said:

“As a specialist lender offering second and third charge business bridging finance, this is the type of loan we aim to & can deliver to professional introducer partners and high net worth clients on a regular basis. The turnaround time on this case being a testament to the working synergy between Keith’s team and ours.”

For further information on Central Bridging Loans’ bespoke lending services contact intermediary@centralbridgingloans.co.uk or call 03332 400 506