Market Financial Solutions has announced that it has provided a £3,000,000 Bridge Fusion loan to support the acquisition of a prime residential property under tight time pressure.
The borrower was expanding their portfolio and needed rapid funding as a deadline set by the vendor approached. The property was vacant and generating no income, which risked delaying completion and weakening the planned refinancing exit strategy.
Market Financial Solutions’ underwriting team worked closely with the borrower to assess the situation and identify a route forward. During discussions, the underwriter confirmed that tenants were scheduled to move in immediately after completion.
The borrower was also already in negotiations with several institutions for long-term finance, which helped move the case toward approval.
Given the circumstances, the lender structured the deal with a longer term to allow for greater flexibility if complications arose. A Bridge Fusion loan was selected to provide a 24-month term, compared with the firm’s standard maximum bridging term of 18 months.
To improve affordability in the early stages of the loan, the underwriter applied rolled-up interest for the opening months. These adjustments enabled Market Financial Solutions to complete the transaction at a loan-to-value ratio of 75%.
Key terms of the deal included:
Loan size of £3,000,000
24-month Bridge Fusion term
75% LTV
“This case is a strong example of how our Bridge Fusion product gives borrowers the flexibility they need when timing and structure are critical,” Paresh Raja, Market Financial Solutions CEO (pictured). “With tight deadlines and a vacant property, it was essential to provide a solution that not only enabled a swift completion, but also protected the borrower’s longer-term refinance strategy."
“By offering an extended loan term and using affordability tools such as rolled-up interest in the early months, we were able to give the borrower valuable additional time while they secured their tenants and progressed discussions with longer-term finance providers. It’s this ability to tailor both term and structure that allows us to support borrowers through transitional periods, without compromising on speed.”
