Marketing bridge- London

Our borrower was selling a ground floor and basement site Soho, London.  The asking price was £5m, however, they were under severe pressure to repay a £3m debt secured against it.

The borrower was a risk of having to rush the process and accept a low offer.

The property had recently been let to a restaurant on a new 15 year lease with 5 yearly upward-only reviews and 9 month deposit. The rent was c. £250k.  We therefore viewed £5m as a reasonable asking price.

We completed the loan within 2 weeks from initial enquiry and the borrower duly sold the property within 6 months for more than the asking price.

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Start typing and press Enter to search