Pure Commercial Finance successfully secured a £2.9 million refinancing deal with Alternative Bridging Corporation for a client seeking to alleviate financial pressure on two London properties.

Information on the Target

Pure Commercial Finance is a leading financial intermediary that specializes in arranging complex finance solutions, particularly in the area of bridging finance. The company has recently made headlines by closing multiple significant deals, including a notable transaction worth £2.9 million with Alternative Bridging Corporation, aimed at refinancing an existing loan for one of their clients. This particular deal underscores Pure Commercial Finance's expertise in connecting borrowers with suitable lenders, especially when existing loans are nearing expiration.

The target of the recent refinancing deal was the owner of two London residences, whose loan was secured against these properties. With the original lender unwilling to renew the terms of the loan, Pure Commercial Finance stepped in to identify an alternative lender that could offer better financing conditions, thereby enabling the client to manage their financial obligations effectively.

Industry Overview

The bridging finance industry in the UK has seen significant growth in recent years, with demand surging for quick financial solutions amidst a challenging economic landscape. Bridging loans are typically used to fill temporary funding gaps, allowing busine