Aspen has completed a £1.1m Residential bridging loan for an international property developer wanting to free up capital for an onward development purchase.

The bank has also announced additional rate reductions on its standard bridge.

Bridging and development finance company, Roma has secured a partnership with UK Homes Network, a new web and mobile-based networking platform for property professionals.

The £4.2 million residential bridging loan was for the purchase of 10 flats within a newly developed area in Canary Wharf.

The £6.5m development exit bridge was provided to several experienced developers, enabling the redemption of the development lender and freeing up equity in a capital raise to...

The lender used projected rental income to help assess affordability

The bridging deal with InterBay through SPF Private Clients took 3 weeks from enquiry to completion for a 12-month term bridge, although the client expects to exit onto term within 6...

Mortimer Street Capital has arranged a £4.1m development exit bridging facility for a client who had recently built a 22-unit scheme in a gated development in Surrey.

Aspen's latest bridge for an international client is helping to cement its growing prominence in the high-end London market.

Utilising title indemnity insurance and using the VAS valuation panel manager, the deal progressed from credit approval to completion in just 28 days.