Overview
Silver Oak Capital arranged a £3.6 million bridging facility secured against a high-value residential property in Kensington. The client required urgent refinancing of an existing loan, along with additional capital for future acquisitions.
Challenges
Two specialist lenders had previously withdrawn at the final stage due to disagreements over intercreditor terms relating to first and second charges, leaving the borrower under time pressure to repay the incumbent lender.
Solution Provided
Working with one of our trusted lenders, we secured a first charge bridging loan that cleared the existing debt and delivered the full capital raise required, with no need for a second charge. The loan was completed within four weeks, priced at 0.78% per month, BBR-linked.
Conclusion
This transaction highlights Silver Oak Capital’s ability to move quickly under pressure and deliver bridging finance solutions when timing is critical. Strong collaboration between all parties ensured a smooth and efficient process from application to drawdown.