The client wanted to refinance an existing commercial loan secured against a semi-commercial property, a shop with an upstairs flat in Oldbury, to provide additional capital of £105,230 to buy investment properties.
The specialist lender’s underwriting team and in-house lawyers carefully reviewed the application and made an offer at 54% LTV.
The deal was completed in just under four hours, allowing the client to press ahead with her investment plans.
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Sundeep Patel, head of intermediary sales at Together (pictured above), said: “This case was brought to us expertly packaged by our trusted partners at First 4 Bridging just after 11am on a Friday and was funded by 3pm on the same day.
“The speed at which we were able to provide the finance highlights the benefits of working with experienced and skilled partners at First 4 Bridging and [our] in-house [specialist underwriting team], which made the whole process run as smoothly as possible, meaning we could get the best possible outcome for their client.”
Myles Williams, CEO at First 4 Bridging, commented: “We had been managing the client’s expectations that the finance she was looking for would be available in 24 to 48 hours, so we were incredibly impressed that everyone at First 4 Bridging and Together pulled out all the stops to get it over the line so quickly."
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