CSF and MT Finance complete £1.4m bridge in three weeks
Crystal Specialist Finance (CSF) and MT Finance have completed a bridging finance product worth £1.4m within three weeks.
In order to finance the loan, money was taken out against a vacant new-build with exit by way of sale of the remaining properties on the original site.
The client was a foreign national looking to pay off a highly geared development finance arrangement.
CSF contacted MT Finance who agreed the application, and a valuation was arranged as a matter of priority with drawdown taking place well within the original timeframe.
Jason Berry, group sales and marketing director at CSF, said: “We always strive for excellent customer outcomes and aim to work with lending partners whose values match our own.
“On this particular case Aboody and his team did an amazing job, initially taking time to understand the residence complexities then truly pulling out all the stops so the valuation ensured a speedy completion could occur. This inevitably resulted in a very happy broker and client.”
Tomer Aboody, director at MT Finance, added: “The client needed us to move quickly as he had been served a notice to complete, and although the nature of his residence meant that the legal process was not as straight forward, we worked closely with the team at Crystal to keep the deal moving forward as swiftly as possible.
“We could not have managed this without the help of our solicitor, surveyor and of course, Crystal who all working together seamlessly in order to meet the deadline.”