Kuflink Bridging have completed a complex, time-sensitive £217,920 loan to a client that urgently needed funds to repay existing indebtedness. Christmas was only weeks away and the client was worried that no lender could complete fast enough to help them. The client is an experienced property professional who is currently in talks with the council to secure planning permission in order to convert the commercial security into seven residential properties.
The loan was secured by first legal charge against a commercial property in Forest Hill, South East London, comprising of a garage workshop, MOT testing bay, office space and a small yard. The loan to value is 65% against the open market value.
Commenting on their experience from a broker perspective, Liam from Loans Warehouse had only positive things to say;
‘When I first picked up this case, I knew that it was going to be a difficult deal to complete… I cannot praise Kuflink enough for their practical, common sense approach to lending that took a very complicated case and completed it in a relatively short time span. Throughout the process Kuflink were contactable, honest and worked through every issue alongside us to get the result that the client needed.’
Narinder Khattoare, pictured, Kuflink CEO, added:
‘This bridge is a great example of our case-by-case lending in action. We consider each application on its own merit and are always ready to think outside the box to help deliver fast finance for our brokers and clients’.