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LendInvest and First 4 Bridging agree deal in three days

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  • 20/06/2016
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LendInvest and First 4 Bridging agree deal in three days
Short-term lender LendInvest has completed its first deal with master broker First 4 Bridging, providing £1.6m in funding for two new-build properties in three days.

LendInvest stepped in after a deal with another lender failed to materialise to offer the funding for the properties and an adjoining piece of land in Redhill, Surrey with a short turnaround.

Senior business development manager at LendInvest, Magnus Duke Dadzie, said the case shows what can be achieved when firms come together to work in partnership.

“At LendInvest we pride ourselves on being able to produce funding quickly, but to do it within just a matter of days is reliant on great communication throughout, by all parties, including our legal partners Brightstone Law,” said Dadzie.

Jonathan Caplan, director of First 4 Bridging, said LendInvest was able to deliver the funding quickly and the lender and broker anticipate working together again.

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