Masthaven Bridging Finance had a transfer deadline day to remember last week when it completed £6 million of bridging loans in one day.
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div>Masthaven Bridging Finance had a transfer deadline day to remember last week when it completed £6 million of bridging loans in one day.
On the 31st of January, Masthaven’s jumbo completions included a £2.4 million loan introduced by distributor Brilliant Solutions.
The last minute nature of the £2.4 million facility for a £4.5million residential purchase didn’t slow the process as Masthaven’s solid legal team were capable of handling the enquiry.
Matthew Arena, Managing Director of Brilliant Solutions added: “This is an example of the lender, distributor and broker working together to get the best deal for all concerned.
“Not only did the client receive more favourable terms, but the broker earned more for this case than he would by going to a lender directly due to the excellent relationship between Masthaven Bridging Finance and Brilliant Solutions”
In addition to this, the day featured a £450,000 loan, some smaller facilities and another residential bridge that was completed at £2.85 million.
Richard Deacon, Sales & Marketing Director of Masthaven summed the day up:. “When all eyes were on Jim White and the team at Sky Sports News, Masthaven towers was a hive of activity ensuring all loans got paid out in a timely fashion.
“It is a sight to behold when both introducing broker and underwriter are working as a team to get over the final hurdle and provide the client with the funds they require. The larger deals are always the headline makers, but for Masthaven it is a day to day occurrence which we hope to continue throughout the year.”
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