Case Studies
Examples of Huddle's Previous Deals
Example 1
- CLIENT: Property Acquisition Company
- DEAL TYPE: 2nd Charge Property Bridge Loan
- AMOUNT LENT: £150,000
- LTV: 74%
- TERM: 12 months
- LENDER RETURN RATE: 1.33% per month
BACKGROUND: The Client acts solely as an SPV to purchase assets and is part of a larger group of companies. The client was looking to raise £150,000 to assist with the acquisition of a commercial property. Time was very much of the essence to secure the sale, therefore the borrower approached us to finance the purchase. At maturity the borrower refinanced the loan via a mainstream lender.
Example 2
- CLIENT: Investment Vehicle
- DEAL TYPE: 2nd Charge Property Bridge Loan
- AMOUNT LENT: £575,000
- LTV: 70%
- TERM: 15 months
- LENDER RETURN RATE: 1% per month
BACKGROUND: The Client is an Investment Vehicle and approached us to raise capital for investment purposes within the Borrower’s other solely owned businesses. We secured the loan via three residential buy-to-let properties situated within the desirable areas of Parsons Green and Islington. The Borrower intends to repay the loan from current investments or via a refinance with a mainstream lender.