Glenhawk has completed a £4.56m regulated bridging loan to support the acquisition of a family home in the West Midlands, structured at 75% LTV across two securities.
The newly acquired property is a large residential site made up of a main house, office building and separate cottage, held across adjoining titles. Given that complexity, the facility was secured against both the new property and the borrower's existing main residence. A cross-charge against a family member's current home provided additional security.
The exit has been structured on two fronts: the sale of the existing main residence and a residential mortgage on the newly acquired property.
The case was originated by Annaliese Ellis, business development manager at Glenhawk, underwritten by Ruth Griggs, and managed through to completion by Aaron Beard.
"We've become a go-to lender for regulated bridging, particularly for larger loans where a commercial approach and careful structuring are needed," said Ellis.
"That ability to assess, structure and deliver larger regulated loans is a key part of what we do. This was a strong example of where bridging made sense because the borrower had a clear exit, but needed the time and flexibility to complete the purchase before selling their existing property."
If you’re exploring bridging or development finance, get in touch and we can connect you with the right lender.
