Bridging Finance Limited has always had strong relationships with property developers, but the recent request to complete £2.2 million in three days was always going to be a challenge!

Following a disappointing outcome from another finance provider, NGR Property Development approached Bridging Finance Limited to see if we could provide funding for the purchase of a plot of land, with the intent to develop it into a substantial mixed-use site.

We were approached on the Wednesday, with the clients needing to complete by Friday of the same week. It was crucial that the site was acquired within these timescales as the agreement to purchase had been made on this basis and the transaction was in danger of falling through.  Due to strong relationships with professional sector advisers our solicitors, Field Cunningham, were able to hold an immediate ‘round table’ meeting to complete the necessary legal requirements.  Our strong connection with surveyors Lambert Smith Hampton enabled us to obtain all required reports within the necessary timescales.

Chris Thompson commented on behalf of NGR:

“It was a fantastic effort by all parties to fund the land purchase at this speed. The whole process was co-ordinated by Bridging Finance Limited and they drew upon their excellent business relationships with solicitors and surveyors to ensure everyone was working to a common goal and that the timescales were met. It is testament to the team at Bridging Finance Limited that deadlines were met, allowing us to achieve our own business goals.”