Albatross Lending Group has successfully completed a £470,000 equitable charge facility against a prime £5.35 million residential asset in Notting Hill, London – delivering funds within just five days to meet a highly compressed timeline.
The borrower, a Dubai-based British and German passport holder, required immediate execution after losing confidence in their existing lender’s ability to perform within agreed timeframes. With a £3.35 million first charge in place with Barclays, the transaction required both precision structuring and swift navigation of consent requirements.
Recognising the urgency, the broker instructed Albatross to retake the valuation and assume control of the process. The facility was structured at 71% loan-to-value and completed by way of an equitable charge, enabling the transaction to proceed without delay while second charge consent from Barclays was being addressed.
From instruction to completion, Albatross delivered in just five days.
The funds enabled the client to deploy capital into an existing business interest in Nigeria, unlocking immediate growth opportunities while the UK asset was prepared for sale. The agreed exit strategy was executed via sale of the Notting Hill property.
The transaction underscores Albatross’ ability to perform decisively where others cannot, combining speed, structuring expertise and commercial pragmatism to deliver certainty in time-critical scenarios.