Enness has arranged a c.£2 million second-charge bridging loan against a refurbished UK home for international borrowers seeking urgent liquidity.
The funding was required to meet the completion deadline for an external investment opportunity, according to the brokerage.
The property had undergone a substantial refurbishment but some final works, completion documents and sign-offs remained outstanding. These issues limited the borrowers’ access to conventional lenders.
The borrowers also had a complex financial profile, with tax residency, business interests and income spread across several jurisdictions.
Enness said lender selection, legal work, property documentation and the verification of international income and identities were handled concurrently because of the tight deadline.
The brokerage selected a specialist bridging lender prepared to assess the underlying property alongside the borrowers’ wider financial position. It also worked with the existing lender to obtain consent for the second-charge facility.
The multi-million pound loan completed within approximately 10 working days of the initial application, releasing the capital required by the borrowers.
The transaction involved the simultaneous handling of property, legal and cross-border financial issues within a compressed timetable.
