North London Retail Investment

Published by Alternative Bridging Corporation -


  • Location - North London
  • Loan Type - Commercial Loan
  • Value - £780,000
  • LGTDV - 65%
  • Loan Amount - £507,000

Having almost completed his existing project, five detached houses financed by ALTERNATIVE Bridging, our developer client was anxious to purchase his next site, a retail investment with a large rear garden in North London. Our client had met with the planners and was confident that if an application was made, planning permission would be granted for two roof-top apartments and mews houses in the rear garden.

The challenge was twofold. First to complete the purchase in a limited period as contracts had already been exchanged, secondly to fund 100% of the purchase price. ALTERNATIVE agreed a facility of 65% of value of the property for the purchase and provided the balance by releasing funds from the client’s current project ahead of sales.

All of this was agreed within a day of first hearing of the proposal and the challenge was to complete the loan and purchase within the contract period. ALTERNATIVE instructed solicitors and valuers with whom they have close relationships and the valuation was received in 5 days and the loan completed the day after the report on title was received, from a standing start only 16 working days after the file was passed to underwriting.

Rinal Rodrigues

Alternative Bridging Corporation is a principal lender, offering the widest range of short and mid-term products, to the property industry and business community as well as bridging loans to homeowners. We can lend regulated and non-regulated loans up to £10M

Link to Alternative Bridging Corporation business profile

10th June 2024
Golding and Octopus Real Estate Complete Transfer of 180 Affordable Homes
Golding and Octopus Real Estate complete transfer of 180 affordable homes outside Mid Kent
Read more
26th May 2024
Can You Get a Bridging Loan With Bad Credit?
We’ve been looking at bridging loans a lot recently because they’ve become such a key financial tool for savvy property investors.  But can you get a bridging loan with bad credit?
Read more
4th March 2024
Industry Insights
Are we out of the woods yet? Well, not really – recession, living costs and mortgage prices continue to hold back the property market
Read more