Aspen Bridging completes £1.575m no valuation bridging loan

By Bridging Loan Directory 6th May 2025

Aspen Bridging has supplied a picture-perfect, super-prime no valuation bridging loan in just nine days for a property professional urgently requiring £1,575,000 to secure their next development in Regent’s Park and complete a project in Fitzrovia.

Over £1.55m was allocated to facilitate the onward purchase of the experienced developer’s next project, a three-bedroom stucco house in one of the city’s most sought-after boroughs.

The remaining £25,000 is being used to complete an extensive multi-year refurbishment project on one of London’s most picturesque streets, which is weeks away from finishing and will have an estimated GDV of £2.3m.

In line with Aspen’s one-person-per-case customer service philosophy, credit manager Sinead McMurray took the deal from start to finish and used the lender’s no valuation product to ensure the rapid drawdown of funds.

The deal was completed on Aspen’s stepped rate at an initial 0.55% over a 10-month term. Exit will be via refinance of the security property once the limited remaining works are complete.

Sinead said:

“This deal involves a serial developer who has a dedicated team who have worked on numerous super-prime projects over the last five years, and naturally we were happy to step in and become a partner in this truly compelling property success story.”