The Client
A seasoned property investment company needed fast funding to purchase a portfolio of 25 properties at auction. The total purchase price was £3.3 million, with a potential open market value (OMV) of £5 million.
The Challenge
- Tight Deadline: Completion was required within 15 working days.
- Limited Property Access: No physical inspections or images of the properties were available.
- Valuation Constraints: Only AVMs and desktop valuations could be used for underwriting.
The Solution
Neal Telford worked closely with the lender to structure a tailored bridging loan. Key aspects of the deal included:
- Flexible Valuation: 19 properties assessed via AVMs, 6 via desktop valuations.
- Streamlined Underwriting: Neal’s expertise navigated the complexities of limited property access and valuation constraints.
- Rapid Completion: The loan completed in just 15 working days, meeting the auction deadline without sacrificing due diligence.
The Outcome
The client successfully purchased the portfolio, unlocking significant investment potential. The estimated OMV of £5 million presented a strong return on investment.
Why Choose Capital B Property Finance?
This case highlights our ability to secure fast and reliable financing, even under challenging conditions. With over 15 years of expertise, we are dedicated to providing bespoke property finance solutions.
If you need fast, reliable property finance, get in touch with our team today.
