--- title: Case Study - Development project saved by £680,000 bridging loan description: Here's how our expertise and experience with flexible short-term bridging finance enabled a client to finish his development project. image: https://www.ariafinance.co.uk/hubfs/Blog%20images/development%20site%20with%20workers.jpg --- [020 8731 5333](https://www.ariafinance.co.uk/en/case-studies/680000-bridging-loan-to-complete-development-project#) [Customer support](https://www.ariafinance.co.uk/en/case-studies/680000-bridging-loan-to-complete-development-project#) [![enterpriselogowhite](https://www.ariafinance.co.uk/hubfs/enterpriselogowhite.svg) ](https://www.enterprisefinance.co.uk/) [![enterpriselogocolour](https://www.ariafinance.co.uk/hubfs/enterpriselogocolour.svg) ](https://www.westoneloans.co.uk/) [Login](https://portal.westoneloans.co.uk/login/) [Contact Sales](https://www.ariafinance.co.uk/contact) [Investors](https://www.ariafinance.co.uk/en/case-studies/680000-bridging-loan-to-complete-development-project#) [Customer support](https://www.ariafinance.co.uk/en/case-studies/680000-bridging-loan-to-complete-development-project#) [0333 123 4556](https://www.ariafinance.co.uk/en/case-studies/680000-bridging-loan-to-complete-development-project#) [020 8731 5333](tel:02087315333) [Back to Case Studies](https://www.ariafinance.co.uk/en/case-studies) March 19, 2020 # Case Study - Development project saved by £680,000 bridging loan [Bridging loans](https://www.ariafinance.co.uk/en/case-studies/tag/bridging-loans) ![property development site funded by bridging finance with workers](https://www.ariafinance.co.uk/hubfs/Blog%20images/development%20site%20with%20workers.jpg) | **Loan Type:** | | | --- | --- | | **Loan Value:** | | | **LTV:** | % | | **Loan Rate:** | % | | **Loan Term:** | |   There are many situations when the need for finance arises, but usually when the high streets banks are unable to assist or provide the funds needed, for a variety of reasons. These can include a bad credit rating, missed mortgage payments, or the applicant is unable to prove their income. In these scenarios, specialist finance can be a game changer for many. This case study highlights how a [bridging loan](https://www.ariafinance.co.uk/bridging-loans) dramatically changed our client’s situation. **Loan:** [Bridging loan ](https://www.ariafinance.co.uk/bridging-loans) **Amount:** £680,000 **Loan term: **9 months   ### **Client ** The client was a private individual who was introduced to Enterprise Finance by their financial advisor because they knew we would be able to offer a suitable solution that would help them. The client was a Saudi national, the property was owned by an offshore Limited Company and there were multiple Directors of the Limited Company living in different countries around the world. ### **The situation ** The client was looking to raise funds secured against an estate in Berkshire, with a value for £2.2m. The funds were needed to complete development work, which was running behind schedule due to a delay in the client obtaining the necessary planning permission and a subsequent delay in works starting. The planning permission had then been approved and works had started. The client estimated the work would take 9 months to complete. Once completed the property was to be placed on the market for sale. Traditional finance was not an option for two reasons. Firstly, the property was not considered habitable by most high street lenders as it was being completely renovated. Secondly, the ownership of the property was not traditional. ### **Our solution ** Enterprise Finance was able to place this case with a bridging lender who was prepared to loan the client the money on a short-term basis. Enterprise finance arranged a loan of £680,000. This included 9 months’ interest payments. ### **Benefit** The benefit of using Enterprise Finance was that we have close relationships with several bridging lenders and know who to go to straight away. This bridging lender took a commercial view on a case and they were able to consider ownership structures outside of the norm. The advantage of this structure was the client did not have to make any monthly interest payments. As all of the interest would be repaid in the final settlement the lender did not need to assess the client for affordability purposes. ### **Result** This result was perfect for this client. Being a property developer, he receives large sums of money when developments are completed and sold. As developments do not complete on a regular basis, cash flow can be an issue for people in this industry. The client was able to finish his development, repay the loan and then move on to a longer-term form of finance. For a quick chat, a meeting to discuss opportunities, or a more complicated deal on your desk – **[drop us a line](https://www.ariafinance.co.uk/contact/)** or give us a call today on **[020 8731 5333.](tel:02087315333) ** - [Bridging loans](https://www.ariafinance.co.uk/en/case-studies/tag/bridging-loans) ![Hero Curve](https://www.ariafinance.co.uk/hubfs/EPF%20Website/Curves/grey%20semicircle.svg) ## Related blog posts [Second charge mortgages](https://www.ariafinance.co.uk/en/case-studies/tag/second-charge-mortgages) March 19, 2020 ## [Case Study - £57,000 Second charge mortgage completed in 3 days](https://www.ariafinance.co.uk/en/case-studies/57000-second-charge-mortgage-completed-in-3-days) [Second charge mortgages](https://www.ariafinance.co.uk/en/case-studies/tag/second-charge-mortgages) March 19, 2020 ## [How we helped customers to reduce their monthly outgoings and free up £1k in debt payments](https://www.ariafinance.co.uk/en/case-studies/how-we-helped-customers-to-reduce-their-monthly-outgoings-and-free-up-1k-in-debt-payments) [Back to blog](https://www.ariafinance.co.uk/) ### Subscribe to our blog ![warning sign](https://www.ariafinance.co.uk/hubfs/EPF%20Website/Icons/alerticon.svg) This information is intended for professional intermediary use only and must not be distributed to potential customers. ##### Intermediaries - [![green circle](https://www.ariafinance.co.uk/hubfs/EPF%20Website/Icons/greencircle.svg)Second charge mortgages](https://www.ariafinance.co.uk/second-charge-loans/) - [![blue circle](https://www.ariafinance.co.uk/hubfs/EPF%20Website/Icons/bluecircle.svg)Bridging loans](https://www.ariafinance.co.uk/bridging-loans/) - [![orange circle](https://www.ariafinance.co.uk/hubfs/EPF%20Website/Icons/orangecircle.svg)Development finance](https://www.ariafinance.co.uk/development-finance/) - [![red circle](https://www.ariafinance.co.uk/hubfs/EPF%20Website/Icons/redcirc.svg)Complex buy-to-let mortgages](https://www.ariafinance.co.uk/complex-buy-to-let/) - [![turquoise ](https://www.ariafinance.co.uk/hubfs/EPF%20Website/Icons/tealcircle.svg)Commercial mortgages](https://www.ariafinance.co.uk/commercial-mortgages/) ##### [Resources](https://www.ariafinance.co.uk/resources) - [Blog](https://www.ariafinance.co.uk/blog) ##### Company - [About us](https://www.ariafinance.co.uk/about-enterprise) ##### Legal - [Privacy policy](https://www.ariafinance.co.uk/privacy-policy/) - [Modern slavery statement](https://www.enragroup.co.uk/modern-slavery-statement/) - [Complaints](https://www.ariafinance.co.uk/complaints-procedure/) [![enterpriselogocolour](https://www.ariafinance.co.uk/hubfs/enterpriselogocolour.svg "enterpriselogocolour")](https://www.enterprisefinance.co.uk/) © Enterprise Finance 2021 | Part of Enra Specialist Finance [**](https://twitter.com/enterprisefin) [**](https://www.linkedin.com/company/enterprise-finance-ltd?trk=top_nav_home) ### Get in contact Enterprise Finance Ltd is authorised and regulated by the Financial Conduct Authority. Firm Reference Number: 302964. Certain types of loans are not regulated, for example loans for business purposes or certain buy-to-lets. Enterprise Finance Ltd is registered with the Information Commissioners Office. Registration Number: Z6765361 Enterprise Finance Ltd is registered in England and Wales. Company Number: 04440152. Registered Office Address: The Edward Hyde Building, 38 Clarendon Road, Watford, WD17 1JW. This information is intended for professional intermediary use only and must not be distributed to potential customers More Info Hide Info