The borrower approached Oblix with some extremely tight deadlines, which another lender couldn’t meet.

The funding – which will be used to purchase the apartment – was agreed on a nine-month term at 75% LTV, which allowed the borrower time to obtain planning permission on the airspace of the property for an additional three residential flats.

Specialist broker Arc & Co, who advised on the case, contacted Oblix as it required a lender who could underwrite a bridging loan of this nature.

Matthew Cleave, senior adviser at Arc & Co, said that the efforts and expertise demonstrated by the team at Oblix Capital was exceptional.

•   Oblix appoints two new BDMs
•   Oblix appoints Andy Reid as director of sales
•   Together and Complete FS provide bridging loan in three days

“The efficient service provided throughout the entire case made it so easy to work with them – a big thank you goes out to … the risk team, who placed the client at the very heart of everything, leaving them absolutely delighted with their facility.”

Andy Reid, sales director at Oblix Capital (pictured above), added: “Delivering service and expertise that goes above and beyond client expectation is something we pride ourselves on here at Oblix Capital.

“From our first interaction, Arc & Co [has] been a truly collaborative partner, presenting all information in a timely and proactive manner.

“This case was a great example of all parties bringing expertise and experience together.”