Mint Bridging Case Study: £1.68m Re-bridge Loan

14 March 2019

Altrincham, Cheshire – 15th March 2019: Bridging lender, Mint Bridging completed a complex £1.688m re-bridge.

The loan was completed on the 28th February and was secured against three leasehold apartments in affluent Central and Greater London locations.

The client was in default with their existing lender, who was pressuring them to refinance and pursuing them for expensive fees.

The client was at a very advanced stage with another lender who, for unknown reasons, couldn’t proceed. Understandably, the client became extremely anxious.

Mint Bridging was approached and we quickly picked up where the other lender had left off. Mint’s underwriter, Connor Hornby, immediately swung into action.

The valuation was instructed the day the enquiry was received and inspected the following day.

Mint’s in-house solicitor, Andrea Naylor commented ”We collaborated around the clock with all solicitors in the transaction, working on the facility documents and enquiries together and taking commercial views where we could."

The borrower received the funds within two weeks of the enquiry coming in, paying off his incumbent lender without further fees being charged.


For further information: www.mintbridging.co.uk and https://twitter.com/Mintbridging Instagram #Mintbridging

Mint Bridging has been operating since 2011, offering short-term bridging loans up to £5 million that borrowers use to fund property purchases, refinance, second charge loans or development projects. As the business is privately funded, third parties do not dictate lending decisions. This results in faster loan conversions.

For brokers looking for a fast, flexible and original approach to borrowing, Mint has a team of 30 people with six mandated underwriters. Sinead Moynihan heads up the sales team, while Richard Showman manages the underwriting team. Andrew Lazare and industry magnate Mark Abrahams run the day-to-day business.