It completes the loan within 10 working days
Alternative Bridging Corporation has provided a sizeable bridging loan to a borrower who needed £1.5 million to secure a buy-to-let investment property.
After the case was introduced to the lender, the underwriter was able to issue an Indicative loan offer immediately. Drawdown was achieved in a total of 10 working days.
The specialist lender provided a first charge bridging loan at 75% LTV.
The case was also eligible for Alternative’s 30th birthday celebration offer, which consisted of a double procuration fee for loans introduced during the lender’s birthday week.
“We are a committed, service-driven lender and recognise the input of our introducers, valuers and solicitors without whose co-operation we cannot fulfil this promise,” Jonathan Rubins, director at Alternative Bridging Corporation, said.
“Here, teamwork proved that delay need not occur where all parties are dedicated to the common cause,” he added.
