Reim Capital

Reim Capital closes £5m bridging loan

Reim Capital has completed a £5m bridging loan for a high-net-worth client within two weeks from application.

Tariq Ansari, finance specialist at Mutual Finance, introduced the deal on behalf of the borrower, who required the funds to purchase an apartment in Marylebone, central London.

The bridging loan was secured at 75% of OMV and priced at 0.75% over a six-month term.

Mike Jones, sales director at Reim Capital (pictured above), said: “With a hugely competitive market, we had to act fast to secure the below-market-value transaction. 

“We immediately met with the client to fully understand their requirement, as well as partnered with Capital Value Surveyors and Underwoods to deliver what was needed.”

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