Pallas Capital has successfully completed a £1,275,000 bridging facility in Oxshott.
The 12-month bridge, which was structured at 75% LTV against a residential property in Oxshott, enabled the borrower to refinance both first and second charges while completing refurbishment works, with the exit strategy being the sale of the property once finished and fully marketed.
The borrower, a long-standing client of the introducing broker, had encountered unexpected setbacks. Mid-refurbishment works requested and funded by a previous buyer, left the property stripped back and incomplete. When that buyer withdrew, the developer was left with an unmarketable asset requiring completion, alongside mounting pressure from a second charge investor seeking repayment.
A bridging solution was the most pragmatic and efficient option to stabilise the position, complete works to a high standard, and reintroduce the property to the market.
Anna Thompson (pictured), originator at Pallas Capital, said: “This transaction is a strong example of how a well-structured bridging facility can provide stability in challenging circumstances. From the outset, we understood the borrower needed more than capital – they needed certainty, speed and a partner willing to work through complexity. By maintaining transparent communication and taking a pragmatic underwriting approach, we were able to structure a solution that addressed immediate pressures while supporting a clear path to exit.
“At Pallas Capital, we are focused on backing experienced borrowers and brokers with flexible capital and proactive management. Completing this facility demonstrates our ability to move decisively, manage risk responsibly, and deliver outcomes that protect all stakeholders.”
