MS Lending Group has provided a £505,000 loan for the purchase of a £675,000 mixed-use commercial property in Ilford, Essex.
The property comprises ground floor retail units and first floor offices, situated within a detached building which has 13 upper floors.
The client required the funds to meet the auction deadline, which they were already in their notice period.
The facility was arranged at 75% LTV without a valuation, all within 36 hours.
Managing Director, Michael Stratton, “I am delighted that MS Lending Group is already being recognised for its speed in the market and is becoming the ‘go to lender’ when it comes to fast completions — particularly with auction purchases and deadlines,”
“Clients know when they contact us they can count on us; we will never promise something we can’t deliver on.”