£3m development exit bridge for four new-build homes in the southeast
What was the situation?
We were approached by a developer who’s finance term was coming to an end on their project of four new-build homes. Unfortunately, their new lender had withdrawn at the last minute due to legal issues. They contacted LDN Finance for our help to find a new loan of £3m to replace it.
What was the issue?
Due to the current term expiring, if we were unable to find an alternative the developer was at risk of costly penalties on their maturing development loan.
What was the process?
Time was of the essence. We needed to lean on our lender relationships and act fast to secure the £3m of required finance.
What was the solution?
Working quickly, we successfully secured a 66% LTV exit bridge for the required amount with a competitive fixed monthly rate to ensure the borrower had the funds they needed to refinance and avoid financial setbacks. The developer avoided unnecessary costs and maintained control over the project’s financial outcome.
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As a returning customer, I would like to express my sincere thanks to the team for their outstanding support during the completion of my property purchase. In particular, Catherine and Darren have been incredibly helpful throughout the process. Their communication, professionalism, and customer service have been absolutely excellent, making the entire experience smooth and reassuring. Many thanks again for all your hard work.
My fiancée and I were recommended to LDN Finance when we started our mortgage journey, and the service we have received, and continue to receive, has been outstanding throughout. Phil Levesley initially looked after us and made what can be a very daunting process feel straightforward and easy to understand. He took the time to explain everything clearly, never rushed us, and was always happy to answer any questions we had. Nothing ever felt like too much trouble. As part of the process, we also wanted to explore a number of protection policies, and Phil introduced us to his colleague,
Owen was absolutely amazing and supported me every step of the way throughout the mortgage process. He was always clear, patient, and incredibly reassuring, making what could have been a stressful experience feel smooth and manageable. Bharathy was also really helpful, promptly getting in touch and making sure all the relevant information was handled efficiently. I couldn’t be happier with the service and would highly recommend them both. Five stars without hesitation.
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