A senior banker approached IPCA Group from a private bank in London to assist their client due to delays in the property transaction. The client required a small loan whilst the bank were processing the transaction with their compliance team.
The team contacted our private bridging contacts to discuss the terms required for the client. As a result, we secured lending and completed the transaction within seven days.
The client was so pleased with the speed and efficiency of the transaction that they re-approached the team for further lending, which the team secured within three days.
The Highlights
- Property Value: £10,000,000
- Loan Amount: £4,000,000
- Loan to value: 40%
- Interest Rate: 1% per month
- Term: 3 Months
IPCA Group 