News - 03/04/2025
One of our network partners Futurity Finance have recently completed on a £4.5 million bridging finance deal in London
Product type – Bridging finance
Purchase price – £3.8 million
Loan value – £4.5 million gross, netting 100% of the purchase price
Lender – Hope Capital
Purpose of loan – Bridge to title split on completion
Exit – Semi-commercial term
Commission – 2% gross | Broker fee – 0
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For more information about the Brokerplan Academy, visit www.brokerplan.co.uk or contact Graham Beckett at gbeckett@whiterosefinance.com.
Futurity Finance, one of White Rose Finance’s ARs, were approached by a client looking to purchase 9 flats in London, sat above 2 commercial units.
The purchase price was £3.8 million with a plot value £5.8 million. The client borrowed against the split and his unencumbered stock.
There were some quirks to the deal including: probate sale, challenge to probate, letters of administration and grant of authority required by bank.
Using his surveying skills, Stephen Gallagher at Futurity Finance was able to deeply analyse split values of assets with client pre-valuation.
The deal was proposed in September 2024 and completed in February 2025. With £2 million of equity being created from title split, an amazing result for the client!
