Completed Case: £2.5m bridging loan in Yorkshire
We were approached by one of our valued introducers to refinance a high yielding block of apartments in Yorkshire to secure further funds whilst the introducer secured a senior debt facility. What should have been a simple and straightforward deal became a complicated one. We initially approached one of our panel lenders who issued terms and instructed their valuer and lawyer. The lender was lending against the bricks and mortar value but valuer could not get comfortable with
