The property comprises two retail shops, both income-generating and occupied by long-term tenants, including a UK takeaway chain.
The seller required urgent completion to redeem an existing loan with a mainstream bank.
London Credit assessed the case and issued terms to meet the broker’s request for a fast turnaround, completing the deal within approximately six weeks.
The loan was structured at 65% LTV over a nine-month term, secured against the commercial property.
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Marios Theophanous, credit manager at London Credit (pictured above), said: “Successful bridging relies on quick decisions and dependable delivery, and this case is a clear example of how we provide both.
“By acting promptly and working in partnership with the broker and borrower, we were able to meet a challenging deadline while supporting the purchase of a property with a strong tenant profile.
“It’s a result that shows how a clear process and practical approach can help investors complete transactions when timing is critical.”
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