Operating as a business within the semi-commercial property, the tenant secured an opportunity to purchase the building from their landlord for £1.5m, rather than the £2m market valuation.
The tenant required a quick financial solution to complete the transaction at the discounted price.
Alternative Bridging provided a £1.2m loan, enabling the tenant to meet the seller’s deadline.
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The loan was completed within 20 working days, including 10 days from the receipt of the valuation to final completion.
Taylor Osunsedo, BDM at Alternative Bridging (pictured above), commented: “The co-operation between all parties involved was exemplary, and we’re delighted to have supported the tenant in securing a fantastic opportunity to purchase their premises at a substantial discount.
“We take pride in enabling our clients to achieve their property goals, no matter how complex or time sensitive.”
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