The North West-based bridging lender stepped in after the original lender pulled out of the bridging finance deal due to the complexity of the case.

The loan was for a second charge capital raise secured against two properties.

Mint sent the deal straight to its underwriters – who approved the loan in two hours  – and made sure that all underwriting, including valuations and asset manager visits, were completed in 24 hours.

At 62% LTV, Mint was confident of its due diligence and five days later – with all the legals completed – it was able to release the funds.

The broker – who praised Mint’s underwriter Kim Osbourne (pictured above) – said: “Kim deserves a big thank you and she showed great adaptability and truly handcrafted this deal ... all at an incredible pace.

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“It’s been five days of solid work with its ups and downs, but [was] worth it to deliver this bespoke deal for our client.”

Andrew Lazare, managing director of Mint Bridging, said it was a pleasure to work with the broker on this deal.

“They came to us with this dilemma and we were not only able to help them in record time, we were also able to craft the loan to meet the borrower’s needs, something we do every day.

“In line with our company objectives, we communicated with the client on a daily basis, we were able to take a commercial view based on our experience and knowledge in the market, and as I was using my money, I was confident that all the processes had been followed [and] it was a good deal to be done. 

“I am always proud of my team and, on this occasion, they really rose to the challenge and delivered once again.”