Enness Global Supports £14.3M Commercial Bridging Facility

How can a change in purchase price affect a large commercial bridging facility? In this feature for The Intermediary, Enness Global explains how it recalculated and resubmitted a proposed £14.3M commercial bridging facility after a buyer negotiated a lower purchase price for a London commercial property. The revised calculations accounted for the adjusted borrowing requirements, equity contribution and lender fees, with the amended terms submitted for confirmation during the exclusivity period.

Read the full article to discover how Enness Global navigated the revised financing requirements for this commercial property acquisition.