Case Studies - West One Specialist Lending

£2.2m bridging loan in only 17 days over Christmas

Written by West One Loans | Mar 11, 2021 1:39:56 PM

Applying for finance can sometimes be daunting, so, when you need to raise funds and have been accepted for a loan it can ease a lot of worries.

Ensuring lender reliability has always been a topic of debate within the market, and unfortunately there are times where lenders will withdraw from a loan and change their minds at the last minute which can be devastating for the borrower, especially if they need to repay existing debt or have already begun their projects.

One of our clients found themselves in that situation and we stepped in to help.

 

  • Loan value
    £2,263,000
  • LTV
    59%
  • Development value
    £3,850,000 
  • Loan term
    12 months