Positive Finance - Bridging Loan Testimonials
Mr X from Canterbury needed funds quickly to buy out his business partner after a dispute; Positive Finance were able to complete the transaction within 4 working days, Funds of £100,000 where paid over to enable the takeover.
Mr & Mrs X from Hampshire had ignored numerous attempts by lenders to collect several large credit card bills from them, Mr & Mrs X were faced with a bankruptcy petition from one lender, Positive Finance agreed to help and paid off not only the petition, but another £62,000 in credit card debt, then arranged a re-mortgage through our sister company to repay the bridging loan.
Local builders had there funding withdrawn; Positive Finance stepped in with an emergency funding line until new finance had been sourced.
Miss X a property developer needed £250,000 to complete the conversion of a large Victorian building into 5 bespoke apartments prior to her portfolio mortgage being granted, Miss X successfully developed the project using a Positive Finance bridging loan and now rents out the whole building.
Miss X in Edinburgh exchanged missives under Scottish law for the purchase of her new home; her purchaser's mortgage offer was withdrawn 1 hr prior to completion, Positive Finance helped out and paid the balance on her new home, until the purchaser's mortgage offer could be re-established.
Two local property developers looking to take advantage of the slow down in the property market, approached Positive finance to help purchase property that they had agreed to buy substantially under market value. Positive Finance agreed to help buy four properties, which the partners now rent out.