"Completing the loan in just three weeks from valuation is a testament to our commitment to providing efficient and client-focused solutions"
- Andy Gagan - Acre Lane
Acre Lane has announced that it has successfully completed a £2.5m development exit bridging loan for a newly built residential scheme in South East London. The bridging loan was executed in just three weeks from valuation, ensuring the developer could finalise the project and proceed with their sales strategy without financial pressure.
The development comprises four detached homes, including three newly built properties and one extensively refurbished period house, all set within a sought-after residential area. With two homes already tenanted and one sold subject to contract, the loan allows the borrower to market the remaining units effectively while securing the best possible sale prices.
Acre Lane structured a 75% LTV development exit bridge, providing a short-term financing solution to bridge the gap between construction completion and final sales. The borrower required a fast-refinancing solution to repay an existing lender, and Acre Lane responded with a tailored loan facility that was completed in under six weeks from start to finish.
"Our priority is always to support our clients in achieving their goals," explained Andy Gagan, Business Development Manager at Acre Lane, "In this case, the borrower was working to a tight deadline and needed a fast, flexible funding solution to refinance their existing lender and allow time to complete sales.
"We tailored a solution to fit their specific needs, ensuring they had the breathing space to secure the best possible outcome for themselves. Completing the loan in just three weeks from valuation is a testament to our commitment to providing efficient and client-focused solutions."
