Alternative Bridging Corporation delivers £1.2m semi-commercial loan in South London

By

Taylor Osunsedo Alternative Bridging Corporation

Alternative Bridging Corporation has announced the completion of a £1.2 million semi-commercial bridging loan to support the fast purchase of a South East London property by its existing tenant.

The tenant, operating as a business within the semi-commercial property, secured an opportunity to purchase the building from their landlord for £1.5 million, significantly below the £2 million market valuation.

Facing a tight deadline to take advantage of the discounted price, the tenant required a quick financial solution to complete the transaction.

Alternative Bridging stepped in to provide a £1.2 million semi-commercial bridging loan, enabling the tenant to meet the seller’s deadline.

The loan was completed within just 20 working days, including an impressive 10 days from the receipt of the valuation to final completion.

Due to Alternative Bridging Corporation’s swift processing of the case, the tenant successfully acquired the property at the discounted price of £1.5 million, securing a significant value gain.

The streamlined handling of the loan ensured the borrower could capitalise on the purchase opportunity within the required timeframe.

Taylor Osunsedo, Business Development Manager at Alternative Bridging Corporation, commented:

“This is the type of case that exhibits our ability to deliver tailored and timely solutions that meet the needs of our clients directly.

The co-operation between all parties involved was exemplary, and we’re delighted to have supported the tenant in securing a fantastic opportunity to purchase their premises at a substantial discount.

We take pride in enabling our clients to achieve their property goals, no matter how complex or time sensitive.”

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