London Credit completes its largest bridging loan

London Credit has announced that it has completed its biggest bridging loan to date.

The specialist lender provided the £3.675m bridging facility at 70% LTV secured against a Grade II-listed property in Richmond over a 12-month period, for refinance purposes.

London Credit said it had to overcome several challenges, including the restrictions applicable to listed buildings.

The case was brokered by Steve Hills, director at London Finance Brokers, who said: “London Credit really marked itself out as a specialist lender in the way that it confidently assessed this property.

“The team demonstrated [its] expertise in [its] willingness to take this complex case on.”

Meanwhile, the lender added: “We are proud of – and confident in – our ability to provide such a bespoke service, assessing each deal individually and responding to case developments with [the] utmost efficiency. 

“London Credit looks forward to continuing to put these attributes to use, and marking more such milestones in the future.”

Pictured top (l-r): Saira Taggar, Chris Stylianides, Andy Georgiou, Jason Morrison, Marios Theophanous and Andy Charalambous (all London Credit)

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