Borro rescues client with £240k loan

Borro rescues client with £240k loan

Borro has helped a client with a tight deadline after providing a £240,000 loan within five business days.

The lender received an inquiry on a Friday afternoon from Kind Commercial, whose client needed funds for their business. 

The client owned a semi-commercial property and faced a tight deadline. 

Borro therefore worked through the weekend to ensure a site visit for Monday. 

The lender then received a verbal assessment on the semi-commercial property the same afternoon with a written report the following day. 

This ensured the £240,000 loan for nine months at 60% LTV was in the client’s account within five business days and Harriet Smith, business development manager at Borro, felt that taking pride in speed sometimes meant going above and beyond.

“When Sunny Panwar at Kind explained the urgency, I knew both [ourselves] and our partners were up to the task.

“We work with many bridging lenders who advertise fast completions, but unfortunately they very rarely perform.”

Sunny, business development management at Kind Commercial, added: “This case was handled immaculately by the Borro team, especially Harriet Smith who worked through the weekend with myself to ensure our client’s deadline was met. 

“We completed in five days and that included a new valuation report too! Fast bridging loans means exactly that with the Borro team. 

“I will be happy to recommend them and will definitely be using them again.”

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