Masthaven Bank completed a £3.5M bridging loan in just five working days, enabling a London-based client to repay an existing mortgage and carry out refurbishment works on an £8M property.
Enness introduced the case to Masthaven due to the lender's ability to provide a fast turnaround on complex, time-sensitive finance.
Credit-backed terms were issued through the lender's broker portal, with solicitors instructed on the same day. The property valuation was completed the following working day, with the report returned that afternoon.
Masthaven then underwrote the case and worked closely with Enness and the wider professional team to complete the transaction within five working days of receiving the application.
The £3.5M facility allowed the client to refinance their existing borrowing while releasing capital to fund refurbishment works, providing a timely solution during a period when speed and certainty of execution were critical.
Bridging finance can provide an effective solution for high-net-worth clients who need to act quickly, particularly when refinancing existing debt, funding property improvements or managing a time-sensitive transaction.
By coordinating closely with the lender, legal advisers and other parties involved, Enness helped ensure the transaction progressed efficiently from initial terms through to completion.
