Bluecroft Finance has completed a £973,250 bridging loan in Kent, delivering a first charge re-bridge facility at 67% LTV with a 14-month retained interest term, secured against a mixed property portfolio in Herne Bay.
The client required an urgent refinance after reaching the end of their existing facility with West One Loans and was facing the prospect of default charges if the transaction could not be completed quickly. With time working against them, Bluecroft Finance was instructed to structure and deliver a solution within a tight timeframe.
The facility was secured against a mixed property portfolio, with the headline asset located at 75 High Street, Herne Bay. To achieve the required loan structure, additional security was introduced alongside Red Book valuations, allowing the team to progress the case despite its complexity and time-sensitive nature. Facilities of this kind, spanning both residential and commercial elements, are typically structured as semi-commercial bridging finance, reflecting the mixed-use nature of the security.
Working closely with the broker, solicitors and valuers throughout the transaction, Bluecroft Finance completed the loan in just 13 working days, enabling the client to refinance before any default charges were incurred and providing the time needed to implement their longer-term exit strategy.
Daniel Smith, Business Development Manager at Bluecroft Finance, commented:
“This was a complex case where timing was absolutely critical. The client was approaching default charges, so everyone involved understood the importance of keeping the transaction moving. Thanks to the collaborative approach between all parties and the flexibility of the loan structure, we were able to complete within 13 working days and deliver exactly the outcome the client needed.”
This transaction reflects Bluecroft Finance’s broader approach to structuring complex, multi-asset security across the UK, and demonstrates the lender’s ability to move quickly on time-critical refinances. Bluecroft Finance continues to support brokers arranging a bridging loan in Kent or elsewhere in the UK, with fast, pragmatic finance solutions. Whether refinancing an existing facility, funding a purchase or navigating a complex transaction, the team works closely with all parties to deliver certainty when deadlines matter most.
For more information about Bluecroft Finance’s bridging loan products, contact the team on 0161 504 0181, email [email protected], or visit www.bluecroftfinance.com.
