Case Study
A borrower needed to refinance an overdue commercial loan, consolidate debts, and settle redundancy payments while awaiting an asset sale exit. With probate delays due to a shareholder’s passing and a non-trading business, securing finance was a challenge.
The mixed-use rural asset included a Grade II listed farmhouse, a farm, six holiday lets, a closed pub/restaurant, and a wedding marquee – all no longer trading. A quick sale would have meant a lower price, so a bridging loan was the ideal solution.
Kit Thompson secured a £300,000 1st charge bridge at 17% LTV, 0.95% per month, with a retained interest structure – allowing 18 months to sell without monthly repayments. Completed in just two months, this deal provided the borrower with the time and flexibility needed to maximise the sale value.
Subject to status. Product and criteria availability is subject to change or withdrawal at any time. For intermediaries only.
