Aspen Bridging has recently finalised a substantial £4.65 million residential bridge loan for an ultra-luxurious penthouse in Chelsea Harbour, London. The impressive triplex penthouse apartment, sprawling over 5,000 square feet across the top three floors of a modern skyscraper, now belongs to an overseas buyer, thanks to Aspen’s efficient financial orchestration. Noteworthy is the loan-to-value ratio of 55%, which underscores the substantial equity the buyer retained in the property.

Aspen Bridging utilised a bespoke process tailored for international clients, which included remote signing and witnessing agreements. A translator was also employed to ensure clear communication and that the funds were disbursed precisely when needed. This attention to detail provided a seamless transaction experience for the buyer.

A Glimpse into the Penthouse Perks

This property is the epitome of luxury, featuring five expansive bedrooms and equally impressive terraces that add up to 2,000 square feet of outdoor space. Residents can enjoy breathtaking views of the River Thames, Albert Bridge, and the iconic skyline of the City of London from their private vantage points.

The financial arrangement was structured at a flat rate of 0.92% per month over a 12-month period, with an exit strategy planned through a Buy-To-Let mortgage. Senior Underwriter Laura Randall managed the entire process from initiation to completion.

Industry Recognition and Future Aspirations

Ian Miller-Hawes, Sales Director for Aspen Bridging, expressed satisfaction with the company’s performance, “This is one of several deals to have been completed on London super-prime properties in the last six months, and there are more in the pipeline for both UK residents and foreign nationals. It is a pleasure to acknowledge that brokers now recognise us as a lender that can handle anything from smaller completions in the more remote regions of England and Wales all the way through to the very top of the market in super-prime London boroughs, whether that be one property or a larger development.”