Dragonfly Property Finance completes £840K bridging loan in 4 days

By Bridging Loan Directory -

 

Dragonfly Property Finance, today announced it has taken an £840k bridging loan from enquiry to completion within just four days.

Introduced to Dragonfly by London-based broker, Mortgage Centre IFA, the loan was to a limited company and secured against a leasehold flat.

The funds were used to pay off the existing loan on the flat and free up £200,000 for the client’s business. Dragonfly will be repaid when the flat, currently on the market, is sold.

Fahim Antoniades, director at Mortgage Centre IFA, commented:

“Dragonfly are market leaders in bridging finance and really did deliver on this deal. They have a reputation for turning deals around quickly and they didn’t disappoint. In terms of speed and efficiency, they’ve raised the bar to a different level altogether. Our client is extremely pleased to have freed up the funds so quickly, especially as they were required for their business. We look forward to sending more clients Dragonfly’s way in the future.”

Jonathan Samuels, CEO, Dragonfly Property Finance, added:

“It’s impossible to take a deal from enquiry to completion in this kind of timeframe without a broker that really understands what bridging lenders need and expect. Mortgage Centre IFA were on the ball throughout the application process and provided everything we needed well ahead of time. The result was that we were able to get this deal done and dusted in a matter of days. Being able to offer brokers’ clients solutions in this way is what we’re all about.”