The borrower urgently required funds after another lender fell through on their commitments. Lendhub stepped in at the last minute and secured a £2.6m facility for the client in just four days.
The security comprises a brand-new development located in Richmond, Surrey, and includes a mix of 20 studio, one, and two-bedroom apartments, and also includes modern office space.
The facility was provided at 65% LTV on a 12-month term and will be used to both refinance an existing facility and provide funds for an onward purchase in Birmingham.
Max Herman, Head of Lending at Lendhub, comments: “I’m extremely proud of our team for their ability to deliver this facility for the borrower in record time. By choosing Lendhub, the borrower was assured of our promise to deliver and certainty to lend."
"We are always looking for innovative, creative ways to make our borrowing journey simpler and faster, and it’s wonderful to see our efforts reflected in completions like these”.
