Introducing Luke Egan, Truffle Specialist Finance’s Bridging Expert. He teamed up with Property Lender Together to support a married couple retirement home development. These entrepreneurs needed a quick financial boost, and Truffle was ready to roll up its sleeves.

As both directors of their development company, the couple faced financial hurdles. But with Truffle’s reputation for agility and adaptability, they knew they were in good hands. When the introducer brought them into the mix, Truffle leaped into action, collaborating seamlessly with Together.

Together’s savvy underwriters meticulously assessed the situation, giving the green light for a £300,000 bridging loan, secured against the couple’s £1.27 million house. Remarkably, the deal was completed and funds paid out in just 24 hours, with a loan-to-value ratio of 45%.

This infusion of capital will be instrumental in wrapping up their luxury assisted living project, which is on the brink of completion.

Michael Schofield, Underwriting Director at Together, recognises the significance of bridging finance in such scenarios. It’s all about keeping the cash flowing to ensure timely project completion.

”This is the kind of situation when bridging finance really comes into its own.”

Luke Egan expressed gratitude for partners offering industry-leading service, enabling Truffle to accomplish seemingly improbable tasks.

“Having partners that offer of this type of industry leading service allows us to do what others may think isn’t possible and puts us in a great light as far as our introducers and clients are concerned. The simplified application process that the Together team offers makes things much easier and smoother allowing deals like this to be something we can offer with real confidence in our ability to deliver even with very difficult timelines. Following completion we have received some amazing feedback from our introducer which will go a long way to securing more business in the future and further solidifying a great relationship.”

Thanks to the collaborative efforts of Truffle and Together, everything went off without a hitch. Their partnership, like a well-oiled machine, ensured a smooth process. And the feedback afterward has been overwhelmingly positive, highlighting the strength of their alliance.