The borrower approached Oblix with some extremely tight deadlines, which another lender couldn’t meet.
The funding – which will be used to purchase the apartment – was agreed on a nine-month term at 75% LTV, which allowed the borrower time to obtain planning permission on the airspace of the property for an additional three residential flats.
Specialist broker Arc & Co, who advised on the case, contacted Oblix as it required a lender who could underwrite a bridging loan of this nature.
Matthew Cleave, senior adviser at Arc & Co, said that the efforts and expertise demonstrated by the team at Oblix Capital was exceptional.
- Oblix appoints two new BDMs
- Oblix appoints Andy Reid as director of sales
- Together and Complete FS provide bridging loan in three days
“The efficient service provided throughout the entire case made it so easy to work with them – a big thank you goes out to … the risk team, who placed the client at the very heart of everything, leaving them absolutely delighted with their facility.”
Andy Reid, sales director at Oblix Capital (pictured above), added: “Delivering service and expertise that goes above and beyond client expectation is something we pride ourselves on here at Oblix Capital.
“From our first interaction, Arc & Co [has] been a truly collaborative partner, presenting all information in a timely and proactive manner.
“This case was a great example of all parties bringing expertise and experience together.”
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