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Case Study: Fast, flexible funding when timing mattered most

Emily Jackson
Jun 22
1 min read

The Deal

A property investor approached Somo needing £540,000 to secure a mixed-use building at auction in the North West. The opportunity was strong and well priced with scope to increase value through light refurbishment. But there were complications:

Tight 28-day auction deadline
Historic adverse credit from a previous business venture and a complex income structure
Refurbishment element requiring a flexible exit plan

At Somo, every credit status is considered.

Why make finance difficult?

Other lenders declined due to credit history and time constraints. The client needed certainty, speed and a lender prepared to look at the full picture, not just a credit score. Somo issued an offer in just 30 minutes and provided a First Charge Standard Bridging Loan structured around the asset and the plan:

£540,000 loan
69% LTV
0.71% per month

Rather than focusing solely on historic credit blips, the underwriting team assessed the strength of the asset, the investor’s track record and the clear refinance exit strategy. Funds were released comfortably within the auction timeframe.

The Outcome

The client secured the property, completed refurbishment works and is now progressing onto a term refinance at a higher valuation. What could have been a missed opportunity became a profitable addition to their portfolio because the funding was structured around the deal, not rigid criteria.