Castlehill Capital were able to help a client out of a tight spot last week when they completed a bridge loan for a property in Birmingham within 5 days.
The client had been let down by another lender who took too long to issue terms and instruct the legals and the valuation.
Castlehill Capital were recommended to the client and after making initial contact on the Monday morning. The client was in receipt of the much needed DIP by 2pm later that day. The vendor wasn’t placated for long and insisted that the deal be completed by 12pm on Friday afternoon.
Legals were instructed that day along with a retype on the existing val report.
The client remarked: “The speed with which Castlehill Capital were able to put all the necessary requirements in motion was astonishing. The real game changer was getting their BDM to prioritise the case and drop everything and head to Birmingham the next day to get the client’s application completed and signed off”.
Lawyers speedily competed the necessary paperwork and the loan was ready to drawdown literally 5 minutes before the vendor’s deadline of 12pm Friday.
The client was delighted with the service and speed of the loan and we hope this will be the first in a long line of business with Castlehill Capital.