BESPOKE BRIDGING LOAN

& SHORT TERM LENDER

CASE STUDIES

£1.8M FIRST CHARGE LOAN FOR AN OVERSEAS INVESTOR Mr K was introduced to us by a leading London broker. He owns an investment property in Mayfair, a top floor apartment in his own name valued at £3.5M. When   the   enquiry   reached   us   the   mortgagee,   an   overseas   bank,   had   already   threatened   to   instruct   an   LPAR   Receiver   due   to   mounting   arrears.   The   client required £1.7M to halt the actions being taken by his lender and redeem his mortgage. Our loan of £1.8M was offered against the Mayfair apartment and secured at a rate of 0.95% PM and an LTV of 51.5% over a period of 12 months. A   valuation   was   obtained   within   6   days   of   the   original   approach   and   during   this   period   the   client   flew   to   the   UK   to   complete   a   full   due   diligence   pack   and take full independent legal advice with his own London Solicitors. We were subsequently able to complete the loan in just 9 working days. Our loan will be repaid by the sale of other properties in the clients UK portfolio enabling him to retain the security property. £1.169M FIRST CHARGE LOAN TO REDEEM AN EXISTING BUSINESS LOAN Mr   J   was   introduced   to   us   by   a   leading   Midlands   Broker.   He   required   funds   to   redeem   a   business   use   loan   already   charged   to   his   property,   which   was   due to expire. The   client   was   in   fact   a   Limited   Company   of   which   Mr   J   was   a   director.   He   owned   the   security   property   with   his   wife.   A   loan   application   with   another   bridge lender had been ongoing for some time without success when Mr J’s lawyer introduced him to us. Our loan was secured against the residential property and funded at a rate of 1.15% PM and an LTV of 70% over a term of 9 months. Having   obtained   a   full   due   diligence   pack   including   application   forms,   directors   guarantees,   a   new   property   valuation   report   and   legal   advice   for   Mr   and   Mrs J at separate law firms of their own choosing, we were able to complete the loan in just 7 working days. Our loan will be repaid by the sale of one of Mr J’s businesses. £900K SECOND CHARGE LOAN FOR AN EXPERIENCED PROPERTY DEVELOPER Mr   F   was   introduced   to   us   by   a   leading   London   Broker.   He   required   funds   to   assist   with   the   purchase   of   an   investment   property   in   NW   London   having already exchanged contracts and committed a deposit. A   previous   funding   application   on   the   property   with   another   lender   had   just   failed   leaving   a   very   short   timescale   of   just   ten   working   days   before   the scheduled completion. The client had submitted planning permission to substantially extend and renovate the property at the time contracts were exchanged. The   second   charge   loan   was   secured   against   the   client’s   main   residence   and   funded   at   a   rate   of   1.1%   PM   at   an   LTV   of   61%   over   a   term   of   6   months.   Having obtained   a   full   due   diligence   pack   including   application   forms,   independent   legal   advice   and   documentation   and   a   property   valuation   report   we   completed the case in just 8 working days. Our loan will be repaid by refinance to a development funder. £1.3M SECOND CHARGE LOAN FOR BUSINESS FUND RAISING Mr   C   was   introduced   to   us   by   a   leading   London   Broker.   He   required   funds   for   a   capital   injection   into   his   business   to   take   advantage   of   a   very   time   limited opportunity. The   loan   was   secured   against   his   main   residence   at   64%   LTV   and   completed   on   a   second   charge   basis   at   an   extremely   competitive   rate   of   0.95%   PM   with   a term of 12 months. Having   obtained   a   full   due   diligence   pack,   including   application   forms,   independent   legal   advice   documentation,   consent   from   the   first   mortgage   lender   and a property valuation report we completed the case in just 10 working days. The loan will be repaid from a combination of business dividends and the sale of an investment property. £1.1M SECOND CHARGE LOAN TO RESOLVE AN APN ISSUE WITH HMRC Mr   P,   a   successful   businessman,   was   introduced   to   us   by   a   leading   Midlands   Broker.   He   had   chosen   not   to   contest   an   Accelerated   Payment   Notice   issued   by HMRC.   When   we   first   spoke   to   the   client   there   were   less   than   2   weeks   remaining   before   the   expiry   of   his   ‘90   day’   notice   period   leaving   him   facing   an immediate fine if he didn’t make payment by the deadline, as well as further enforcement action. The loan was secured against his main residence at 47% LTV and completed on a second charge basis at 1% PM with a term of 9 months. We   arranged   and   funded   the   loan   within   8   working   days   of   being   approached,   including   arranging   a   property   valuation,   full   legal   advice   and   consent   from the first mortgage lender. In   addition,   with   the   client’s   approval,   we   liaised   directly   with   HMRC   making   full   payment   of   the   borrower’s   APN   liabilities   in   advance   of   the   deadline   thereby ensuring no penalty interest was incurred. The loan will be repaid from the sale of the security property. £450K FIRST CHARGE LOAN AGAINST A SHORT LEASEHOLD RENTAL APARTMENT Mr   J   was   introduced   to   us   by   a   leading   London   Broker.   He   required   a   rapid   capital   injection   of   funds   into   his   business.   The   loan   was   secured   against   his short leasehold, 2 bedroomed-apartment in South Kensington despite the fact the remaining lease term was only 11 years. The   apartment   had   an   OMV   of   £900K   and   a   180   Day   Value   of   £800K.   We   advanced   £450K   over   a   6   months   term   at   an   LTV   of   just   over   56%.   Our   loan   will   be repaid from the sale of the apartment. Crucially we did not insist on the lease being extended at the point our loan completed. Having   obtained   a   full   due   diligence   pack   including   application   forms,   independent   legal   advice   documentation   and   a   property   valuation   report   we completed the case in just 6 working days. £250K FIRST CHARGE ‘PROBATE’ LOAN TO DISCHARGE AN INHERITANCE TAX LIABILITY Mr   B   was   introduced   to   us   by   a   leading   East   Midlands   Broker.   The   loan   was   secured   against   the   main   residence   of   his   recently   deceased   mother   whilst probate was concluded. The   property   was   a   detached   house   in   Northamptonshire   with   an   OMV   of   £750K   and   a   180   Day   Value   of   £550K.   We   advanced   £250K   over   a   6   months   term at an LTV of just over 33%. Our loan will be repaid from the sale of the Estate Property Having   obtained   a   full   due   diligence   pack   including   application   forms,   independent   legal   advice   documentation   and   a   property   valuation   report   we completed the case in just 9 working days. For a confidential discussion in the first instance contact us on:   Tel 03332 400 506   Email enquiry@centralbridging.co.uk Online
Central Bridging, Granary Wharf, Wharf Road, Burton on Trent, Staffordshire, DE14 1DU Tel: 03332 400 506   Email: enquiry@centralbridging.co.uk   Web: www.centralbridging.co.uk Central Bridging is a trading style of Central Bridging Loans Ltd. Registered in England & Wales | Company Registration Number 07728274. Central Bridging is not regulated by the Financial Conduct Authority (FCA). All loans arranged by Central Bridging are non regulated contracts as defined under The Financial Services and Markets (Regulated Activities) Order 2001 and the Financial Service and Markets Mortgage Credit Directive Order 2015. © Copyright Central Bridging Loans Limited Privacy Policy
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BESPOKE BRIDGING LOAN

& SHORT TERM LENDER

£1.8M FIRST CHARGE LOAN FOR AN OVERSEAS INVESTOR Mr   K   was   introduced   to   us   by   a   leading   London   broker.   He   owns   an investment   property   in   Mayfair,   a   top   floor   apartment   in   his   own   name valued at £3.5M. When   the   enquiry   reached   us   the   mortgagee,   an   overseas   bank,   had already    threatened    to    instruct    an    LPAR    Receiver    due    to    mounting arrears.   The   client   required   £1.7M   to   halt   the   actions   being   taken   by   his lender and redeem his mortgage. Our    loan    of    £1.8M    was    offered    against    the    Mayfair    apartment    and secured   at   a   rate   of   0.95%   PM   and   an   LTV   of   51.5%   over   a   period   of   12 months. A   valuation   was   obtained   within   6   days   of   the   original   approach   and during    this    period    the    client    flew    to    the    UK    to    complete    a    full    due diligence    pack    and    take    full    independent    legal    advice    with    his    own London   Solicitors.   We   were   subsequently   able   to   complete   the   loan   in just 9 working days. Our   loan   will   be   repaid   by   the   sale   of   other   properties   in   the   clients   UK portfolio enabling him to retain the security property. £1.169M   FIRST   CHARGE   LOAN   TO   REDEEM   AN   EXISTING BUSINESS LOAN Mr   J   was   introduced   to   us   by   a   leading   Midlands   Broker.   He   required funds   to   redeem   a   business   use   loan   already   charged   to   his   property, which was due to expire. The   client   was   in   fact   a   Limited   Company   of   which   Mr   J   was   a   director.   He owned    the    security    property    with    his    wife.    A    loan    application    with another   bridge   lender   had   been   ongoing   for   some   time   without   success when Mr J’s lawyer introduced him to us. Our   loan   was   secured   against   the   residential   property   and   funded   at   a rate of 1.15% PM and an LTV of 70% over a term of 9 months. Having   obtained   a   full   due   diligence   pack   including   application   forms, directors   guarantees,   a   new   property   valuation   report   and   legal   advice for   Mr   and   Mrs   J   at   separate   law   firms   of   their   own   choosing,   we   were able to complete the loan in just 7 working days. Our loan will be repaid by the sale of one of Mr J’s businesses. £900K    SECOND    CHARGE    LOAN    FOR    AN    EXPERIENCED PROPERTY DEVELOPER Mr   F   was   introduced   to   us   by   a   leading   London   Broker.   He   required funds    to    assist    with    the    purchase    of    an    investment    property    in    NW London having already exchanged contracts and committed a deposit. A   previous   funding   application   on   the   property   with   another   lender   had just   failed   leaving   a   very   short   timescale   of   just   ten   working   days   before the scheduled completion. The   client   had   submitted   planning   permission   to   substantially   extend and renovate the property at the time contracts were exchanged. The   second   charge   loan   was   secured   against   the   client’s   main   residence and   funded   at   a   rate   of   1.1%   PM   at   an   LTV   of   61%   over   a   term   of   6 months.   Having   obtained   a   full   due   diligence   pack   including   application forms,    independent    legal    advice    and    documentation    and    a    property valuation report we completed the case in just 8 working days. Our loan will be repaid by refinance to a development funder. £1.3M    SECOND    CHARGE    LOAN    FOR    BUSINESS    FUND RAISING Mr   C   was   introduced   to   us   by   a   leading   London   Broker.   He   required funds   for   a   capital   injection   into   his   business   to   take   advantage   of   a   very time limited opportunity. The    loan    was    secured    against    his    main    residence    at    64%    LTV    and completed   on   a   second   charge   basis   at   an   extremely   competitive   rate   of 0.95% PM with a term of 12 months. Having   obtained   a   full   due   diligence   pack,   including   application   forms, independent     legal     advice     documentation,     consent     from     the     first mortgage   lender   and   a   property   valuation   report   we   completed   the   case in just 10 working days. The   loan   will   be   repaid   from   a   combination   of   business   dividends   and the sale of an investment property. £1.1M    SECOND    CHARGE    LOAN    TO    RESOLVE    AN    APN ISSUE WITH HMRC Mr    P,    a    successful    businessman,    was    introduced    to    us    by    a    leading Midlands   Broker.   He   had   chosen   not   to   contest   an   Accelerated   Payment Notice   issued   by   HMRC.   When   we   first   spoke   to   the   client   there   were   less than   2   weeks   remaining   before   the   expiry   of   his   ‘90   day’   notice   period leaving   him   facing   an   immediate   fine   if   he   didn’t   make   payment   by   the deadline, as well as further enforcement action. The    loan    was    secured    against    his    main    residence    at    47%    LTV    and completed on a second charge basis at 1% PM with a term of 9 months. We    arranged    and    funded    the    loan    within    8    working    days    of    being approached,   including   arranging   a   property   valuation,   full   legal   advice and consent from the first mortgage lender. In    addition,    with    the    client’s    approval,    we    liaised    directly    with    HMRC making   full   payment   of   the   borrower’s   APN   liabilities   in   advance   of   the deadline thereby ensuring no penalty interest was incurred. The loan will be repaid from the sale of the security property. £450K      FIRST      CHARGE      LOAN      AGAINST      A      SHORT LEASEHOLD RENTAL APARTMENT Mr   J   was   introduced   to   us   by   a   leading   London   Broker.   He   required   a rapid   capital   injection   of   funds   into   his   business.   The   loan   was   secured against     his     short     leasehold,     2     bedroomed-apartment     in     South Kensington despite the fact the remaining lease term was only 11 years. The   apartment   had   an   OMV   of   £900K   and   a   180   Day   Value   of   £800K.   We advanced   £450K   over   a   6   months   term   at   an   LTV   of   just   over   56%.   Our loan will be repaid from the sale of the apartment. Crucially   we   did   not   insist   on   the   lease   being   extended   at   the   point   our loan completed. Having   obtained   a   full   due   diligence   pack   including   application   forms, independent   legal   advice   documentation   and   a   property   valuation   report we completed the case in just 6 working days. £250K   FIRST   CHARGE   ‘PROBATE’   LOAN   TO   DISCHARGE   AN INHERITANCE TAX LIABILITY Mr   B   was   introduced   to   us   by   a   leading   East   Midlands   Broker.   The   loan was   secured   against   the   main   residence   of   his   recently   deceased   mother whilst probate was concluded. The   property   was   a   detached   house   in   Northamptonshire   with   an   OMV of   £750K   and   a   180   Day   Value   of   £550K.   We   advanced   £250K   over   a   6 months term at an LTV of just over 33%. Our loan will be repaid from the sale of the Estate Property Having   obtained   a   full   due   diligence   pack   including   application   forms, independent   legal   advice   documentation   and   a   property   valuation   report we completed the case in just 9 working days. For a confidential discussion in the first instance contact us on:   Tel 03332 400 506   Email enquiry@centralbridging.co.uk Online
Central Bridging, Granary Wharf, Wharf Road, Burton on Trent, Staffordshire, DE14 1DU Tel: 03332 400 506  Email: enquiry@centralbridging.co.uk Web: www.centralbridging.co.uk Central Bridging is a trading style of Central Bridging Loans Ltd. Registered in England & Wales | Company Registration Number 07728274. Central Bridging is not regulated by the Financial Conduct Authority (FCA). All loans arranged by Central Bridging are non regulated contracts as defined under The Financial Services and Markets (Regulated Activities) Order 2001 and the Financial Service and Markets Mortgage Credit Directive Order 2015. © Copyright Central Bridging Loans Limited Privacy Policy
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CASE STUDIES

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