HFBS completes urgent rescue bridging loan over Easter weekend
By Bridging Loan Directory
Holme Finance Bridging Solutions (HFBS) has completed a time-critical £186,000 bridging loan over the Easter weekend, refinancing an existing short-term facility and giving the borrower additional time to complete a property sale.
The clients had initially taken out a three-month bridging loan earlier this year to meet urgent business needs. However, as the redemption date approached, it became clear that the planned exit via sale of their home would not be achieved in time.
With the existing lender unwilling to extend terms, HFBS was approached to provide a longer-term solution.
HFBS structured a 12-month facility to fully redeem the existing loan, with no additional borrowing required. The transaction was completed over the Easter weekend, with funds released the following morning ahead of the repayment deadline.
The case highlights the importance of aligning loan terms with realistic exit strategies, particularly where the sale of a unique property is involved.
Dan Yendall-Collings, Director at HFBS, said:
“This was a time-sensitive case where the original loan term didn’t reflect the reality of the exit.
With a unique property, achieving the right sale takes time. Our role was to remove pressure and provide a more realistic timeframe.”
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