Bridge loan on Real Estate in London
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  1. #1
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    Bridge loan on Real Estate in London

    This equity relationship I have just sent me another one. Any ideas for another international one in London?

    - Property worth $140mm USD)

    - The property was on a mortgage that was settled in December 13th 2018 (Mortgage was serviced by a bank in Australia that is pulling out of UK and therefore the owner paid off the mortgage and cleared the title)

    - The company has reached out to Royal Bank of Scotland and was not successful in getting a term sheet.

    - Client was able to find financing via Singapore group for
    rate 5%
    term 36 month
    80Million USD - but would take three months to close - as a result didn't work

    - Owner is looking for max LTV around 5% interest rate but would only draw 30Million USD. Preferably would like to close in 4 to 5 weeks time due to cash flow reasons.

  2. #2
    I have international investors I would love to take a swing at the file. Let me know if they are still looking!

    James St. Cyr
    Triumph Solutions LLC

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