CHRISTIE FINANCE REAL ESTATE: BRIDGING DEAL SECURED FOR A COMMERCIAL PROPERTY
Independent Finance Broker, Christie Finance Real Estate, is delighted to announce the successful completion of a bridging deal for a commercial property, Be The Change in Worcester. The project reached practical completion in July 2024.
The property comprises a four storey retail premises, the ground floor of which is currently vacant but is set out as a restaurant with stores, office and potential further dining space at first floor, in addition there is further storage within the cellar.
Alex McMillen, Finance Consultant at Christie Finance, comments, “I am extremely happy to help this client with arranging this urgent bridge within the time frame needed. It’s a great asset in the heart of Worcester at a low LTV so when speaking to our funders who we have excellent relationships with it makes it quick and easy to get deals done in the allotted time frame. Most funders in the market would require a physical valuation when it comes to Commercial properties so having contacts that can get deals done within these urgent deadlines is a real strength for the Christie Finance Real Estate team.
John Mitchell, Managing Director at Christie Finance, comments, “Increasingly we are approached to source funding for clients where traditional avenues no longer exist. The timely manner in which we were able to deliver a deal for this transaction, is testament to the talent we have within the Christie Finance Real Estate team.”
Ram Kakar, Director at Christie Finance, comments, “A great completion by Alex & the real estate team here at Christie Finance, displaying our ability to consistently deliver alternative solutions to our clients.”
For further information on this press release, contact:
Niamh Toman
Junior Corporate Communications Executive
M: +44 (0) 7768 646 984
E: Niamh.toman@christie.com
Contact the brokers:
Alex McMillen
Finance Consultant
M +44 (0) 7756 875 221
E alex.mcmillen@christiefinance.com
Ram Kakar
Director
M: +44 (0) 7764 241 349
E: ram.kakar@christiefinance.com
John Mitchell
Managing Director
M: +44 (0) 7974 265 259
E: john.mitchell@christiefinance.com