alternative bridging corporation

Alternative Bridging Corporation lends £1.5m for BTL investment

Alternative Bridging Corporation has completed a £1.5m bridging loan within 10 working days.

The client required the facility to secure a BTL investment property in Woodford Green, Essex.

Swiftly after the case was introduced to the lender, Alternative Bridging’s underwriter Kalpna Patel was able to issue an indicative loan offer.

After working together with all parties involved in the deal, the lender was able to provide the necessary funds at 75% LTV.

In addition, the broker was eligible for a double procuration fee as part of Alternative’s 30th birthday celebration offer — valid for loans introduced during the lender’s birthday week (7th-11th March).

Jonathan Rubins, director at Alternative Bridging Corporation (pictured above), said: “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. 

“Here, teamwork proved that delay need not occur where all parties are dedicated to the common cause.”

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