Dragonfly lends £6.5m with MCIFA in 1 week
The first loan, a £2.7m non-regulated loan on a £10m property in Holland Park, was completed in five days from the initial enquiry.
The second, a regulated loan of £3.8m, was used on a £19m property in Hampstead, and took six days to complete.
Richard Stock, sales director, MCIFA, said: “There was a great deal of urgency to both of these deals but thankfully Dragonfly pulled out all the stops to turn them around in under a week.
“We work with Dragonfly regularly because they not only understand the importance of speed to our clients, but also bring an unrivalled energy to all the deals they work on.”
MCIFA liaised the client, surveyor, lender and lawyers to push the loan through as quickly as possible.
Mark Posniak, head of sales and marketing, Dragonfly Property Finance, said: “Key to the quick turnaround times on deals like this are the experience and expertise of the introducer, as well as their network of contacts.
“In both these areas, MCIFA never fail to deliver.
“It’s great to see that we can still turn regulated loans around at almost the same pace as unregulated loans and this, we believe, is where we offer considerable benefits over mainstream lenders.”