Bridging finance

12 months required

Timing important

Client deadline

Margin secured

0.5% per month

Three pristine London apartments were offered as collateral at 33% LTV,

seeking a 12-month bridge for a short term requirement. Timing was vital for the client.

The deal


  • Three brand new apartments, total value of £9m


  • First charge over all properties
  • Award-winning development


  • No income – interest roll-up
  • Assets never tenanted


  • £3m bridge finance
  • 12 month term


  • Properties held in separate SPVs
  • Quick timing important

Facility Secured

  • £3m secured, one term sheet across all SPVs
  • 0.5% margin, 12 months


Our client approached us initially to take out finance against one of the three properties we eventually secured lending against. It was quickly apparent that instead of circa 70% LTV against one asset, 33% LTV against three assets would secure better rates.

The assets were high quality and pristine, having never been let out. With no income in any of the SPVs, interest roll-up was required. The client had a strict deadline due to an upcoming life event and so we had to be confident that the lender would draw down in time.

The credit was drawn down over a month ahead of the client's deadline and at a low margin of 0.5% per month, with a reduced 0.1% arrangement fee.

How can we help?

Subscribe me to your mailing list

Want the details?

Colliers International Structured Finance
Second Floor, Weighbridge House, Liberation Place, St.Helier, JE2 3NA, Jersey.

+44 1534 767 600

Subscribe to Colliers news and events