Albatross Lending Group is pleased to announce the completion of a £336,227 second charge bridging facility secured against a five-bedroom detached residence in Bedfordshire.
The loan was structured as a second charge behind an existing first charge and was used to clear a £71,228 high-street bank second charge while releasing £208,772 of capital to support the borrowers’ business expansion into the private Special Educational Needs sector. The property features five double bedrooms, four reception rooms, an outdoor heated swimming pool and a simple garage, and has been in the borrower’s ownership since 2005.
The borrowers have a long track record across the UK education sector, operating a portfolio of nurseries and primary schools. The funds released are being directed towards a new business venture, with a clear operational plan already in place. Interest is retained for the full 12-month term, requiring no monthly servicing during the period of the loan.
Albatross Lending Group worked closely with the borrowers and their introducer to structure a facility that reflected the strength of the case rather than its complexity. With retained interest removing any servicing pressure during a period of business transition, and multiple credible exits in place, the team were able to move with conviction.
David Cardoso, Lending Associate at Albatross, shared “This was a case where the borrower’s established track record and clear operational plan gave us real confidence. Our focus was on structuring around the complexity of the second charge position to deliver capital efficiently and on terms that worked for them.”
Through its specialist divisions, Albatross Lending Group offers a comprehensive range of market-lending finance solutions across the residential, commercial, and SME sectors. From bespoke short-term bridging and second charge facilities to longer-term asset backed lending. Albatross structures flexible solutions to support growth, investment and portfolio development across England and Wales.