Bluecroft Finance completes £1m bridging loan

By Bridging Loan Directory 12th February 2025

Bluecroft Finance has completed a bridging finance purchase to the value of close to £1m.

The experienced borrower Mistral House, based in Newcastle, required a loan for a purchase of offices for their business.

The deal went through as a 1^st charge with LTV of 65% with a 12 month term.

The deal did come with is complexities along the way, but Bluecroft were able to act with speed and precision to complete the loan ahead of the option agreements expiry.

This is a testament to Bluecroft’s ability to deliver tailored, time-sensitive solutions.

Ross Gandy, Head of Sales at Bluecroft, said:

“We are absolutely delighted to be able to finance this purchase, it was a fantastic outcome for all involved and the team’s flexibility and speed to get this over the line has left us with a very satisfied borrower.

A shoutout as well to other stakeholders involved for their collaboration and support such as Fieldfisher and Niall Deas”.

Samantha Elliot, Operations and Business Development Manager at Mistral House and borrower for this loan added:

“From the very first phone call, Bluecroft Finance proved to be quick, efficient, and incredibly streamlined.

Working with Ross was an absolute pleasure, his knowledge of the industry is second to none and his determination unrivaled.

We were under significant time pressure to exercise our option to buy before it expired, we had the added challenge of completing during the festive period.

Despite this, the team pulled out all the stops, working tirelessly right up until Christmas and into the New Year to get the deal done.

If you’re looking for a bridging loan, I’d highly recommend reaching out to Ross Gandy, his expertise and dedication made all the difference!

We got exactly what we were looking for through the new relationship we have uncovered with Bluecroft Finance.”