MS Lending Group completes £5.2m bridging loan in one week

MS Lending Group has successfully completed a £5.2 million bridging loan for a corporate borrower to support the acquisition of a portfolio of multi-unit residential assets across multiple UK locations.

The 12-month term loan, secured against five multi-unit freehold blocks of flats located in Derby, Manchester and Huddersfield, was agreed at 59% loan-to-value based on market value, with a total asset value of £8.65 million.

What set this transaction apart was the exceptional speed of execution. Following an initial enquiry on Monday, MS Lending Group instructed valuations and legal work by Wednesday, once day-one terms were agreed.

Reports on title were received by Friday, with the transaction successfully completing the following Monday.

Desktop valuations were utilised to streamline the process, enabling the borrower to meet tight acquisition deadlines without compromising due diligence or structure.

Michael Stratton CEO & Founder MS Lending Group commented:

“The transaction highlights MS Lending Group’s ability to deliver time critical funding solutions for its borrowers, whether it is large borrowings, multi unit, or smaller single unit purchase sizes.”