London Credit completes £1.53m bridging loan to refinance a commercial property

01 April 2025

London Credit has provided a £1.53 million bridging loan to refinance a commercial property in Luton, enabling a returning borrower to release capital for a new investment opportunity.

The borrower required a swift turnaround to secure their next purchase, making speed a critical factor in this transaction. London Credit’s handling of the valuation and legal processes ensured the deal was completed within four weeks, providing the borrower with the necessary liquidity to move forward with their investment plans.

The loan was structured at 60% LTV over a 12-month term, secured against a commercial property in Luton. The refinance allowed the borrower to free up funds precisely when needed, demonstrating London Credit’s ability to support investors with tailored short-term finance solutions.

The swift completion of this transaction follows the recent announcement that London Credit has increased its maximum LTV on semi-commercial bridging loans, from 65% to 70%. Alongside this LTV increase, the lender has also updated its valuation methodology, now basing lending decisions on open market value (OMV) rather than 180-day valuations. These enhancements will enable brokers to access higher leverage for their clients, whether they are looking to expand their portfolios or refinance existing assets in the specialist lending market.

Marios Theophanous, Credit Manager at London Credit, commented:

“With this case, speed was everything. The borrower needed to release capital quickly to secure their next investment, so it was crucial that we acted quickly while ensuring a seamless and streamlined process. Many lenders might have hesitated given the tight time frame, but we recognised the strength of the deal and worked proactively to get it over the line.

“This is exactly what we aim to deliver at London Credit. Bridging finance that works for real investors in real situations. By combining a common-sense approach, we’re able to give brokers and their clients the flexibility to move quickly when opportunities present themselves.”

For more information, visit: https://www.londoncredit.com/