A client wanted to buy land behind her home to expand a business providing therapeutic social work interventions with animals.
The challenge
The purchase was at risk after the previous broker stopped responding, the original lender withdrew, and the seller was considering pulling out of the deal.
To make matters more difficult, the security was bare land, which many lenders are reluctant to fund.
How we helped
We moved quickly to find a suitable funding solution and worked to keep the purchase on track.
By securing short-term funding, the client was able to complete the purchase before losing the opportunity.
The result
The land purchase completed successfully, allowing the client to move forward with plans to expand the business.
The funding included:
- £112,500 bridging loan
- 12 months’ retained interest
- Purchase completed on time
- Longer-term refinance now underway
Client feedback
Excellent service. Ben Gauci arranged a bridging loan very quickly to prevent me from losing a property sale.”
Facing a Challenging Funding Scenario?
Every case is different. Whether you’re purchasing land, refinancing, raising capital or securing bridging finance, our specialist commercial managers can help identify the right funding solution for your needs.