LendInvest rescues client with three-day bridge
By Tom BelgerLendInvest has helped a borrower avoid punitive exit fees after completing a bridging loan within three days through First 4 Bridging
Section: Case Studies
The online lender and the master broker worked together for the first time to complete the £1.6m deal after LendInvest stepped in when another lender had let the client down.
The funding was for two new-build properties as well as an adjoining piece of land in Redhill, Surrey, which had an incredibly tight deadline.
“This case just shows what can be achieved when experienced, professional firms come together and work in partnership,” Magnus Duke Dadzie, Senior Business Development Manager at LendInvest, stated.
“At LendInvest we pride ourselves on being able to produce funding quickly, but to do it within just a matter of days is reliant on great communication throughout, by all parties, including our legal partners Brightstone Law.”
Jonathan Caplan, Director of First 4 Bridging, added: “We had not worked with LendInvest before, but knew that they had an excellent reputation for offering a speedy, efficient service.
“LendInvest told us that they could deliver the funding quickly after another lender had let us down, and were as good as their word.
“We won’t hesitate to work with them again in the future.”
Keywords: Bridging Finance, Commercial Finance, Bridging Lender, Commercial Lender, Alternative Finance, Broker news, Bridging loans, LendInvest, Brightstone Law, First 4 Bridging,