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This case involved a high-value residential unit in Devon, where the borrower needed funding that was both flexible and time-sensitive. With standard lenders unable to meet the deadline, they turned to us for a more agile, bespoke solution.
The Problem
The borrower, an award-winning developer, needed to redeem an existing facility in under 30 days. But with the property in Devon and the client based remotely, there wasn’t enough time to complete a full RICS valuation. They needed a lender who could work quickly, accept an alternative valuation route, and still offer a competitive LTV, all within a tight timeframe.
The Solution
We acted quickly to structure a bridging loan that worked for the borrower and the timeline.
- Secured a £562,500 bridging loan based on a £750,000 AVM valuation
- Completed the deal in under 30 days, including legal coordination
- Structured the facility with a 12-month term and rolled interest, giving the borrower breathing room
- Demonstrated a clear and realistic exit based on the developer’s track record and asset quality
Instead of going the traditional route, we used an AVM valuation and kept the process efficient, working closely with the client’s legal and sales teams to avoid delays.
The Results
✓ Bridging loan delivered on time, allowing the client to redeem their existing facility
✓ 75% LTV achieved without the need for a full valuation
✓ A flexible structure that aligned with their exit plans
✓ A fast, clean solution with minimal disruption
At Merryoaks, we believe speed doesn’t have to mean compromise. When timelines are tight, we bring our 30+ years of experience and the right lender relationships to get deals completed., let’s have a conversation.
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