Large Bridging Loan for a BVI Complex Structure with a Residential Property

BVI complex structure

Loan Amount:

£6,700,000

Property Value:

£10,050,000

LTV:

63%

Initial Circumstances

A new client came to us looking for urgent funding to repay a mortgage that was at the end of its term. The property was a large residential asset which had been purchased via a BVI company with a few technical points.

The client was looking to sell the asset but needed time to find a suitable buyer due to its size and nature of the company structure. A bridging loan provided them the flexibility they needed as a short-term solution with the added advantage that Market Financial Solutions do not charge for early repayments or any exit fees.

As the client was very close to default, Market Financial Solutions had to act quickly to minimise the impact of the default rate.

Solutions

We were able to quickly instruct a valuation and due to our strong relationship with our panels, we can entrust our valuers to get the job done immediately in cases where time is limited.

Upon receiving the report, we discovered that the asset had slightly decreased in value. The Market Financial Solutions underwriter set to work to readjust the loan-to-value to account for this, and ensure the existing lender was repaid in full.

We were able to clear the mortgage and provide the client with sufficient time to find a new buyer. They were extremely relieved not to be in default and had the breathing space to sell their property at the optimum market value.

The Benefits

The client was able to clear their existing lender without being penalised or falling into default. This gave the borrowers time and enabled them to put the property on for sale to achieve the best market value for the property.

In cases such as these, speed is key. Despite the added complications within this case, our underwriters worked around the clock to meet the tight deadline.

FAQs

How did you handle an overseas company needing a large loan?

At Market Financial Solutions, we recognise that not every borrower fits a standard profile. In this case, the client owned a UK residential property through a BVI structure, which can often present hurdles with mainstream lenders. We started underwriting from day one to identify any potential challenges early on. This meant we could issue tailored terms quickly, giving the borrower the certainty they needed to move forward with confidence.

Why is flexibility so important when dealing with offshore entities and large loan amounts?

Many lenders hesitate when it comes to dealing with offshore companies or unusual ownership structures. At Market Financial Solutions, we pride ourselves on our flexible mindset. By looking at the full picture, we were able to structure a bridging loan that worked with the client’s offshore arrangement and the residential asset. This adaptability ensured the borrower could unlock the funds they required without unnecessary delays or complications.

How do you ensure transparency with unusual ownership structures?

Transparency is at the heart of everything we do. From the first conversation, we made sure the borrower understood how the process would work, what information we needed, and what to expect at each stage. Clear communication and open dialogue helped build trust and avoided any last-minute surprises, giving the client peace of mind throughout the transaction.

What makes Market Financial Solutions different when funding large bridging loans like this?

When you work with us, you can be sure that when we say yes, we mean it. We start underwriting on day one, so we can address any potential issues early, rather than down the line. We combine this with our dedication to speed and a genuinely flexible approach, no matter how unusual the ownership structure might be. By staying transparent and delivering on our promises, we help borrowers access the funds they need – exactly when they need them.