Crystal Specialist Finance (CSF) has partnered with specialist lender Together to rescue a client’s stalled £784,870 deal and turn it around in 15 hours.
The client, who required the funds to redeem a second charge bridging loan and to raise capital for business purposes, contacted CSF at 17:30 on a Friday evening with the money drawdown on Tuesday afternoon.
Jo Breeden (pictured), managing director of CSF, said: “The fact remains there is still plenty of time before Christmas to complete deals if the right professional support is in place and the lender recognises to complete good opportunities.
“This is specialist finance in action, companies working in conjunction to meet a client’s needs.”
Early on Monday, Together took the short-term commercial loan case to offer immediately after which all searches were undertaken.
The client signed the mortgage documents at his solicitor’s premises that evening.
A fresh valuation was undertaken on Tuesday morning with the lender agreeing to accept verbal figures from the valuer.
An equitable charge was taken with consent-to-follow from Coutts.
Marc Goldberg, commercial chief executive at Together, added: “We have the team and expertise to look at applications and make quick decisions.
“This case demonstrates how we worked with our partners CSF and used common sense and flexibility resulting in a positive outcome for their client.”