The developers – who were let down at the last minute by another bridging lender – required the funding to prevent a scheme comprising seven flats and a two-bed townhouse from being delayed.

They aim to refinance in six months after letting the eight rental properties.

“This case was quite straightforward, but the initial lender simply couldn’t deliver in the timescales,” said Jo Breeden, managing director at Crystal Specialist Finance.

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“Thankfully, Together stepped in and delivered the loan within just 48 hours – a huge relief for the customer and a great outcome.”

Marc Goldberg, commercial CEO at Together (pictured above), added: “We pride ourselves on our speed of service when it comes to bridging.

“We see so many scenarios like this where other lenders make promises and then don’t deliver, but when we’ve committed to lend to a customer, we will do all we can to provide the funds as quickly as possible.

“Our broker partners like Crystal Specialist Finance know they can rely on us in unusual or complex situations, even when the deadlines are extremely tight.

“When we saw this development – which is of a really high standard and was very close to completion – we agreed to provide the funds within the timeframe.

“Our underwriting team and solicitors worked closely with the client’s solicitors to make it happen and we’re delighted that the project will now be completed as planned.”