"This is the type of case that exhibits our ability to deliver tailored and timely solutions that meet the needs of our clients directly"
- Taylor Osunsedo - Alternative Bridging Corporation
Alternative Bridging Corporation has announced that it has stepped in to provide a £1.2 million semi-commercial bridging loan on a building in South East London, enabling the tenant to meet the seller’s deadline.
The tenant, operating as a business within the semi-commercial property, secured an opportunity to purchase the building from their landlord for £1.5m, significantly below the £2m market valuation. Facing a tight deadline to take advantage of the discounted price, the tenant required a quick financial solution to complete the transaction.
The loan was completed within just 20 working days, including an impressive 10 days from the receipt of the valuation to final completion.
Due to Alternative Bridging Corporation’s swift processing of the case, the tenant successfully acquired the property at the discounted price of £1.5m, securing a significant value gain. The streamlined handling of the loan ensured the borrower could capitalise on the purchase opportunity within the required timeframe.
“This is the type of case that exhibits our ability to deliver tailored and timely solutions that meet the needs of our clients directly," noted Taylor Osunsedo, Business Development Manager at Alternative Bridging Corporation.
He added, "The cooperation 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.”
