Short-term lender Dragonfly Property Finance has completed a £840,000 bridging loan in four days.
A limited company, introduced to the lender by brokers Mortgage Centre IFA, secured the loan against a leasehold flat. Dragonfly, which took the loan from enquiry to completion in four days, will be repaid on sale of the flat.
Mortgage Centre IFA director Fahim Antoniades says: “Dragonfly are market leaders in bridging finance and really did deliver on this deal. They have a reputation for turning deals around quickly and they didn’t disappoint. In terms of speed and efficiency, they’ve raised the bar to a different level altogether.
“Our client is extremely pleased to have freed up the funds so quickly, especially as they were required for their business. We look forward to sending more clients Dragonfly’s way in the future.”
Dragonfly Property Finance CEO Jonathan Samuels says: “It’s impossible to take a deal from enquiry to completion in this kind of timeframe without a broker that really understands what bridging lenders need and expect. Mortgage Centre IFA were on the ball throughout the application process and provided everything we needed well ahead of time.
“The result was that we were able to get this deal done and dusted in a matter of days. Being able to offer brokers’ clients solutions in this way is what we’re all about.”