MS Lending Group has provided a £5.2 million bridging loan to a corporate borrower for the acquisition of multi-unit residential properties across three UK cities.
The 12-month facility is secured against five freehold blocks of flats located in Derby, Manchester and Huddersfield. The loan was structured at 59% loan-to-value, with the combined asset value totalling £8.65 million.
Transaction timeline
The deal progressed from initial enquiry to completion within eight days. According to the lender, terms were agreed on the first day following a Monday enquiry, with valuations and legal work instructed by Wednesday. Title reports were received on Friday, enabling completion the following Monday.
Desktop valuations were used to expedite the process, allowing the borrower to meet acquisition deadlines whilst maintaining due diligence requirements.
Deal structure
The transaction comprised a £5.2 million bridging loan with a 12-month term, secured over five multi-unit residential blocks spanning three cities, at an agreed LTV of 59% against £8.65 million of assets.
The lender coordinated underwriting, valuation and legal work concurrently to compress the timeline. Michael Stratton, CEO and founder at MS Lending Group, said: “This was a fast-moving, high-pressure transaction with multiple assets across different locations. We were presented with an existing borrower, conservative LTV, and tight timescales.”
The case demonstrates the operational requirements for lenders handling multi-asset residential acquisitions under compressed timeframes, where speed of execution can determine whether portfolio purchases proceed.
