The completions took place at the end of July and the beginning of August. Loans were secured on a range of properties, from private dwellings deals to an entire street in South London, which had been leased to the local authority for a period of fifty years.
Commenting on the eventful month, Brian Rubins, Managing Director of Alternative Bridging, said: “We are extremely pleased to have been able to facilitate so many deals in such a short space of time.
“It demonstrates how useful it is for borrowers and their advisers to have access to a well-funded, flexible and resourceful lender with a short chain of command which can efficiently originate a wide range of loans.”
The “Summer Portfolio” included a full range of deals, such as:
• Residential Development Finance - Middlesex - £1.5 million
• Commercial Bridging Loan - South West London - £500,000
• Commercial Development Finance - Worcestershire - £750,000
• Regulated and Commercial Loans - Central London - £1.2million
• Purchase and Refurbishment Loan - Nottingham - £430,000
• Development Site Finance - East London - Auction Purchase - £1.2million
• Second Charges - Residential Investment Portfolio - London - £3 million
• Central London – Residential – Standby Facility - £500,000
• Regulated Loan - Bedfordshire - £570,000
In the summer, the lender also appointed its Business Development Director, Tanya Elmaz to oversee the firm’s regulated business.
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