Acre Lane Capital has announced that it has completed a £3 million bridge facility, providing support to a developer in Oxfordshire who needed more time to sell two luxury riverside homes.
The borrower had completed two substantial five-bedroom detached houses, both with high-spec finishes, river frontage, and private mooring on the Thames. However, they were unable to secure sales within the timeline of their original funding. Facing potential pressure to discount, they approached Acre Lane for a solution that would refinance the existing debt and align with their updated sales strategy.
In addition, just a day before completion, the borrower identified an urgent need for an extra £80,000 to cover last-minute costs. Acre Lane responded, raising the additional capital and ensuring the transaction completed without any further delays.
"This deal really demonstrates what we’re about," explained Acre Lane Capital BDM Andy Gagan. "The client needed more time to market two exceptional properties without being rushed, and we structured a loan that fit their plan. When they needed an extra £80K at the eleventh hour, we didn’t hesitate, we found a way to make it happen. It’s all about being flexible and genuinely putting the borrower first."
Now fully funded with the pressure off, the properties are being actively marketed for a combined £6 million, allowing the borrower to focus on securing the best outcome.
