Masthaven completes £4.2m bridge
05 January, 2016
category: Residential, Secured, Short Term
Masthaven has completed a regulated bridging loan for Savills Private Finance worth £4.2m in four days.
The finance was used to purchase a new home after a client’s buyer pulled out of a purchasing his house.
Andrew Bloom, managing director at Masthaven Finance, said: “We pulled out all the stops.
“To be able to go from application to completion in such a short timeframe required a huge team effort but we have always prided ourselves on our ability to provide the best service and this case illustrates why so many intermediary firms turn to Masthaven to get the job done.
“This result is down to teamwork and involved every department from sales, underwriting and credit including the directors to ensure that SPF’s client was able to buy the property he wanted in the tight timescale left to us.”
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