Bridging loan – Tota loan £120k
The situation: The client’s company had been placed into administration due several different and complex reasons. He wanted to purchase the property back from the liquidator.
The solution: Commercial Expert Ltd approached a bridging lender who agreed a £120,000 bridging loan on the condition that they would place a first charge on the property and a second charge on the client’s home. This was a complicated and long case, however, the case was completed successfully.