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Bluecroft Finance have completed a bridging finance purchase to the value of close to £1m. The experienced borrower Mistrel House, Based in Newcastle, required a loan for a purchase of offices for their business. The deal went through as a 1st charge with LTV of 65% with a 12 month term.
The deal did come with is complexities along the way, but Bluecroft were able to act with speed and precision to complete the loan ahead of the option agreements expiry. This is a testament to Bluecroft’s ability to deliver tailored, time-sensitive solutions.
Head of Sales at Bluecroft, Ross Gandy, states: “We are absolutely delighted to be able to finance this purchase, it was a fantastic outcome for all involved and the team’s flexibility and speed to get this over the line has left us with a very satisfied borrower. A shoutout as well to other stakeholders involved for their collaboration and support such as Fieldfisher and Niall Deas”.
Get in touch to learn more: enquiries@bluecroftfinance.com
