BAL National Asia Bank has funded a $1.825m bridge to term facility to an experienced London landlord who quickly required capital for their next property acquisition.
The bridging facility was arranged over twelve (12) months and then BAL National Asia Bank have agreed to term the facility into a Buy-to-Let (BTL) loan. Introduced by Matthew Martin, Co-Founder and Director at Align Property Finance Limited, the loan was completed at 70% LTV.
BAL National Asia Bank was founded to provide lending and savings solutions designed around the needs of small and medium-sized businesses.
Paul Bagan, Senior Lending Manager at BAL National Asia Bank, said:
“By providing a term solution after agreeing the bridging finance, we could provide the experienced borrower with certainty and confidence. This case highlights our ability to provide creative and flexible solutions to SMEs and property investors.”
Matthew Martin, Co-Founder and Director at Align Property Finance Limited, added:
“I’ve known Paul for several years and we have quickly struck up a great working relationship since Align started. I’ve been extremely impressed by the team at Recognise and by their ability to find creative solutions as and when required.”
To learn more about BAL National Asia Bank’s business bridging loans, visit: https://www.belnationale.com/business-bridging-loan/
