Hope Capital provides speedy £2.25m bridging loan

Hope Capital has completed a £2.25m bridging loan for a client who owned a residential terraced property in Camden, London, and needed access to fast finance for business investment purposes.

Teaming up with UK Property Finance, Freeths, and the client’s solicitor, legal works were able to complete within hours.

The bridging facility, which was completed in 20 days after receiving the initial enquiry, was agreed at 40.9% LTV and 0.75% interest rate on a 12-month term.

Gary Bailey, managing director at Hope Capital (pictured above), said: “We were delighted to have helped the client find a solution and to show the value of having a strong relationship established between the lender, broker, solicitors and surveyors involved.”

Luke Hopkins, partner at Freeths, added: “It is always a good experience working with the team at Hope Capital. 

“This was a complicated deal, which revealed a number of challenges but, with all parties involved working collaboratively, we were able to find an appropriate solution for the client. 

“I always feel extremely confident working with Hope Capital that we can progress any loan we deal with rapidly — and this case was no exception.”

Lisa Gamlin, sales adviser at UK Property Finance, stated: “The client was delighted that we made this happen. 

“With all bridging finance cases, consistent communication and teamwork is key to ensure a solution can be delivered.”

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