A SPECIALIST LENDER EXCLUSIVELY PROVIDING EFFICIENT BRIDGING FINANCE

WHAT OUR CLIENTS
HAVE TO SAY.

CASE STUDIES

HIGH LTV

Exeter – Finanta – 80% LTV

  • Loan to Value (LTV): 80%
  • Gross facility Amount: £540,000
  • Loan Term: 8 months

Our valued introducers Finanta connected us to one of their long-time clients. A borrower with an experienced background in property development both international and domestic.

The client was looking to refinance one of his new developments as his current lender was coming to end of term. The proposed security is a detached property outside Exeter in a desirable location and condition.

We were able to provide the client with an 8 month term so that he was able to sell it for market value. We visited the property with the valuer within 48hrs of the formal DIP and managed to complete the case within 10 days from initial illustration.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriter:

Jack Coombs

  • Mob: 07540 774 361
  • Email: jackcoombs@aspenbridging.co.uk

Buckinghamshire – Darkwood – 80% LTV

  • Loan to Value (LTV): 80%
  • Gross facility Amount: £976,000
  • Loan Term: 8 months

Our valued introducer Darkwood finance introduced one of his long term clients looking to refinance an existing bridge the client had used to purchase a property. The loan had to be completed within 10 days unless would fall into default interest - so speed was the key.

Our bridge was used to allow further time for a planning permission decision, which would increase the property value. The client had a number of profitable options to exit our bridge be it; development finance, refurb and sell or sell with planning permission as the planning permission will increase the value of the property.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriter:

Wayne Hicklin

  • Mob: 07712 431 134
  • Email: waynehicklin@aspenbridging.co.uk

South London – Y3S – 77.5% LTV

  • Loan to Value (LTV): 77.5%
  • Gross facility Amount: £1,115,872
  • Loan Term: 6 months

Our valued introducer Alex Vickery from Y3S Bridging & Commercial connected us to a Borrower who had a prime large semi-detached property in south west London - used as a BTL. The client had been looking to sell for a while but due to problematic tenants had not been able to arrange viewings with agents. As such, he was looking to refinance a 1st and 2nd charge mortgage as they were coming to end of term.

The borrower needed to raise capital while the property was on the market so Aspens underwriter Arthur worked with the clients and the clients lawyers to complete the case within 14 working days.

This provided the borrower with breathing room to sell the property on his own terms at market value, whilst raising capital for his business.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriter:

Arthur Cole-Fontayn

  • Mob: 07922 577 541
  • Email: arthurcf@aspenbridging.co.uk

Cambridgeshire – 75% LTV

  • Loan to Value (LTV): 75%
  • Gross facility Amount: £637,500
  • Loan Term: 8 months

One of our trusted broker partners connected us with a borrower who had approved planning permission to demolish and build 6 terraced houses in place of his vacant bungalow.

After some initial complications with the first development partner, the client needed to refinance a bridge in order to provide him with more time and find a new contractor.

Aspen took the plans when creating the offer along with the bungalow and were able to offer 75% LTV. Jack and Wayne worked with the client and the client’s lawyers in order to complete as quickly as possible to avoid default on his previous bridge. The loan was completed within 14 working days over the Christmas period allowing the client time to find a new development partner as well as avoiding default.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriters:

Wayne Hicklin

  • Mob: 07712 431 134
  • Email: waynehicklin@aspenbridging.co.uk

Jack Coombs

  • Mob: 07540 774 361
  • Email: jackcoombs@aspenbridging.co.uk

REFURBISHMENT

Birmingham – Mortgage Masters – 75% LTV

  • Loan to Value (LTV): 75%
  • Gross facility Amount: £626,500
  • Loan Term: 12 months

Our valued introducer Mortgage masters connected us with an HMO (house in multiple occupation) landlord in the Birmingham University area.

The client was looking to refinance several of his existing properties for so that he could purchase and refurb a new HMO site that had just come on the market. Arthur working with the client provided a funding solution across the 3 properties that allowed the purchase and refurb of the new security in its entirety. Aspen completed this multi property, multiple drawdown (with a schedule that suit the borrower) loan in 15 working days at a very competitive rate.

If you would like to speak to the underwriter that completed this case please contact:

Arthur Cole-Fontayn

  • Mob: 07922 577 541
  • Email: arthurcf@aspenbridging.co.uk

Peak District – Enness – 75%

  • Loan to Value (LTV): 75% plus 100% of works costs in arrears.
  • Gross facility Amount: £281,250
  • Loan Term: 10 months

One of our valued introducers, Enness Bridging, introduced the clients to us who were managing their first development but had a background in building. We discussed the deal thoroughly, to understand how best we could support the borrower in purchasing and converting a disused former BT repeater station into a residential house.

The clients were looking to purchase a site they found in a scenic part of the Peak District outside Buxton. Initially it was thought that the deal was not possible, as another lender had declined the case in legals. However, after a combined analysis from both Enness and Aspen, it was concluded that it was possible to both part fund the purchase as well as provide funding for works in arrears via multiple drawdowns.

Jack worked with Enness and the clients to provide a bespoke solution to suit the uniqueness of the case and ensure the clients were supported throughout the process and the term of the loan.

If you would like to speak to the underwriter that completed this case please contact:

Jack Coombs

  • Mob: 07540 774 361
  • Email: jackcoombs@aspenbridging.co.uk

South London – Crystal SF – 75%

  • Loan to Value (LTV): 75% plus works costs in arrears.
  • Gross facility Amount: £585,000
  • Loan Term: 8 months

Our valued introducers at Crystal Specialist Finance connected us to an experienced borrower with a background as a tradesman with a strong track record of conversions and extensions in south London. We provided the day 1 finance of 75% LTV to refinance the current lending, and then also provided drawdowns directly to contractors to enable the completion of works allowing for successful exit via sale.

Jack worked with Crystal Specialist Finance and the client to understand the vision for the HMO, which was situated near a local hospital which could provide a stable yield from the doctors and nurses as principle tenants underpinning the demand for such a security on the market.

If you would like to speak to the underwriter that completed this case please contact:

Jack Coombs

  • Mob: 07540 774 361
  • Email: jackcoombs@aspenbridging.co.uk

Staffordshire – F4B – 75%

  • Loan to Value (LTV): 75% plus works costs in arrears.
  • Gross facility Amount: £172,500
  • Loan Term: 8 months

Our valued Introducers at Finance 4 Business connected us with a Borrower who has a background in refurbishments and conversions. He had acquired a site with financing and commenced works. Aspen stepped in and looked at build as stood, we advised the borrower on a couple of regulatory issues in order to stay compliant with building regulations. We then also provided funding for the rest of the works in order to take the build through to a finished state whilst also providing enough time for the client to exit onto a BTL mortgage.

If you would like to find out how we could help on a similar case with similar constraints. Contact the case underwriter:

Jack Coombs

  • Mob: 07540 774 361
  • Email: jackcoombs@aspenbridging.co.uk

COMMERCIAL

West Sussex – Capital & Equity – 70%

  • Loan to Value (LTV): 70%
  • Gross facility Amount: £427,000
  • Loan Term: 10 months

Our valued Introducers at Capital & Equity connected us with a high net worth borrower who has a large portfolio of properties including residential and commercial.

The borrower was looking to raise funds on his prime unencumbered commercial unit which had multiple tenants in situ. The client required funds to invest into his business and finish a new development, which he was building in the local area. Wayne worked with the client and his lawyers and managed to complete the case in 10 days, so as not to cause a disruption in the client’s development schedule.

If you would like to find out how we could help on a similar case with similar LTVs. Contact the case underwriter:

Wayne Hicklin

  • Mob: 07712 431 134
  • Email: waynehicklin@aspenbridging.co.uk

Northampton – F4B – 65%

  • Loan to Value (LTV): 65%
  • Gross facility Amount: £650,000
  • Loan Term: 8 months

Our valued introducers at Finance 4 Business connected us with a very experienced property developer who had a Commercial security with planning, and adjacent land with planning. The borrower was using private finance and had over stretched himself, he needed to refinance in order to buy him some time to find a viable exit to realise the sites value. Although the commercial unit was vacant it was a quality a quality structure with excellent planning. After formal DIP was issued we were on site the next day with a valuer in order to waste as little time as possible. Due to this speed the borrower successfully used the term of our loan to achieve further enhanced planning and securing a development finance partner allowing him to realise the full value of the sites he owned.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriter:

Jack Coombs

  • Mob: 07540 774 361
  • Email: jackcoombs@aspenbridging.co.uk

SPEED

Buckinghamshire – Enness – 75%

  • Loan to Value (LTV): 75%
  • Gross facility Amount: £319,000
  • Loan Term: 6 months

One of our valued introducers Enness Bridging, introduced an experience landlord with experience in high end property development looking to refinance. Working with Enness we discussed the deal thoroughly, to understand which of our products would be best suited the clients needs.

The client was looking to repay a first charge on the property as well as get the maximum left over cash to help pay off an existing bridge on another property. The property was valued within 24hrs of the Formal DIP being issued. Arthur the case manager took views on potential legal issues, to ensure that the case could be completed within the tight time frame of 5 days.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriter:

Arthur Cole-Fontayn

  • Mob: 07922 577 541
  • Email: arthurcf@aspenbridging.co.uk

Ealing – ECS – 75%

  • Loan to Value (LTV): 75%
  • Gross facility Amount: £693,750
  • Loan Term: 10 months

Our valued introducer ECS connected us with an experienced professional landlord and international entrepreneur. The client needed a bridge on a BTL mortgage due to a difficult tenant falling behind on rent and thus the ability to pay the BTL mortgage.

Aspen stepped in to fund the refinance while the client put it on the market as well as to raise capital for the Borrowers business. Arthur working closely with ECS and the client managed to achieve a 7 day turnaround from formal DIP to completion.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriter:

Arthur Cole-Fontayn

  • Mob: 07922 577 541
  • Email: arthurcf@aspenbridging.co.uk

SPECIALIST

Northampton – F4B – 40%

  • Loan to Value (LTV): 55%
  • Gross facility Amount: £290,071
  • Loan Term: 10 months

A previous borrower recommended us to a large developer who had previously experienced our process and ability to be a reliable finance partner. We created a bespoke quote specific for the client’s needs where he required funds in order to demolish part of a site and prepare it for development. We managed to achieve completion within 10 days from formal DIP allowing him to waste as little time from planning approval to breaking ground.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriters:

Ed Ahrens

  • Mob: 07889 100 015
  • Email: edahrens@aspenbridging.co.uk

Northampton – F4B – 50%

  • Loan to Value (LTV): 50%
  • Gross facility Amount: £199,317
  • Loan Term: 6 months

A previous client and experienced property developer requested the same bespoke product for another one of his development site preparations. Once again we completed this in a similar timeframe, taking a common sense approach to legal issues to ensure that the client received the funds in time.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriters:

Ed Ahrens

  • Mob: 07889 100 015
  • Email: edahrens@aspenbridging.co.uk

Hampshire – LH Financial – 65%

  • Loan to Value (LTV): 65%
  • Gross facility Amount: £130,000
  • Loan Term: 10 months

Our valued introducer LH Financial connected us with a Borrower who is an experienced property landlord. The client has specialises in flats with short leases, buying then extending leases. Ed worked with the borrower to understand his business model and ensure that we could provide funding for purchase with this short lease property for him to then fund lease extensions and then exit onto BTL mortgages.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriters:

Ed Ahrens

  • Mob: 07889 100 015
  • Email: edahrens@aspenbridging.co.uk

Northamptonshire – F4B – 65%

  • Loan to Value (LTV): 65%
  • Gross facility Amount: £550,000
  • Loan Term: 12 months

Our valued introducers at Finance 4 Business connected us with a client who has no experience with hotels and was looking to purchase an active hotel from official receivers. The client was looking for further drawdowns to refurbish the premises with exit onto commercial occupier mortgage once the trading history was sufficient and refurb complete.

Speed was key on this case as there were other interested parties looking to purchase this property. Wayne went to the property and had a meeting with the client, valuer and local planning office to iron out any potential delays so that we could look to complete the case within 12 days.

If you would like to find out more about how we can help you achieve similar results at these kind of LTVs contact this case’s underwriters:

Wayne Hicklin

  • Mob: 07712 431 134
  • Email: waynehicklin@aspenbridging.co.uk