CASE STUDIES

LIGHT DEVELOPMENT

Hertfordshire - £450k

PASSIVHAUS BUILD

Aspen provided a 75% day 1 offering to repay the existing lender and get a strong capital raise to help progress the build significantly. Further funding at 100% of works costs has been agreed in tranches.

The case was introduced by Tom Rowland at Pure Property Finance and handled from start-to-finish by Aspen Bridging Underwriter, Prabhat Talwar. Legals were handled by Adam Hattersley of Fieldfisher LLP

Given the hard deadline of the previous lenders redemption, it was a true test of Aspen's speed. Our legal team, in particular Leigh Haigh, completed the transaction within 5 working days of issuing the offer.

The client completed on Aspen's stepped rate product at 0.59% per month over a 12-month term.

Staffordshire - £800k

LIGHT DEVELOPMENT 75%

Aspen provided a 75% day 1 offering to repay the existing lender and get a strong capital raise to help progress the build significantly. Further funding at 100% of works costs has been agreed in tranches.

The case was introduced by Tom Rowland at Pure Property Finance and handled from start-to-finish by Aspen Bridging Underwriter, Prabhat Talwar. Legals were handled by Adam Hattersley of Fieldfisher LLP

Given the hard deadline of the previous lenders redemption, it was a true test of Aspen's speed. Our legal team, in particular Leigh Haigh, completed the transaction within 5 working days of issuing the offer.

The client completed on Aspen's stepped rate product at 0.59% per month over a 12-month term.

LATEST NEWS

ASPEN SOLVES TWO PROPERTY
PROBLEMS IN ONE £2.3M BRIDGE

A rapid £2,327,250, 73% loan-to-value bridging loan from Aspen has saved a customer's £125k auction purchase deposit and provided additional funding on a part-finished development.

Completed in just 15 days at 0.49% for six months on the lender's stepped rate product, the deal brings together both a rapid auction purchase and finish-and-exit elements under one roof.

The auction purchase, a six-bedroom semi-detached in Wandsworth, was bought at the end of August with the monies required within a 15 day period.

The part-finished development project, a five-bedroom terraced property in the same area, was purchased in 2019 and still has £140k works outstanding. The deal also includes 100% works funding.

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