Hampshire Trust Bank has finalised a £1.15 million bridging finance deal for an overseas borrower, secured against a property in Marylebone, London. The transaction was completed in six days, from the formal offer to drawdown, concluding on 12 October after the offer was issued on 6 October.
The 12-month facility is designed to provide capital for two planned auction purchases. Cain Lam, business development manager at Hampshire Trust Bank, stated that the rapid completion was due to preparatory work before the offer, including instructing solicitors early and addressing overseas residency points.
This transaction involved early coordination between the lender's legal, compliance, and credit teams. Afsheen Gul of Berkeley Commercial Finance introduced the deal, with Cain Lam overseeing it for Hampshire Trust Bank.