First 4 Bridging, the UK master broker, has delivered a £2.5m loan for a client of Adapt Finance in just three working days.
To ensure the client didn’t lose out on a strong investment opportunity — the purchase of a retail outlet in London — it was important that the funds were delivered very quickly.
First 4 bridging and Adapt Finance agreed the loan with lender Together and between Thursday afternoon and Tuesday lunchtime the funds were approved and with the client.
The case was a complex one with security over three London properties — an office building, residential HMO and three unit block of flats.
Jordan McBriar, director of Adapt Finance, said: “First 4 Bridging’s contacts and forensic knowledge of the short-term lenders helped get what was a complex and large loan over the line in an incredibly short time period. It was a text-book example of how a master broker can add value for a broker like ourselves.”
Lorenzo Satchell, director of First 4 Bridging, said: “Speed of turnaround is what bridging finance is all about. Adapt Finance was great and gave us everything we needed when we needed it and, knowing that this was a case that Together would immediately go for, it went through without a hitch.”
Marc Goldberg, commercial board director of Together, added: “First 4 Bridging has a solid understanding of our product offering and supplied us with all the information we needed to complete this deal in just three days.
“Our common sense approach to lending allows us to work with our partners to provide fast and flexible finance and this is a great example of that in practice.”