Brickflow, in partnership with Together, has enabled Blueberry to secure a crucial unregulated bridging loan for a challenging auction property scenario.
- This partnership marks a significant development in the relationship between Blueberry and Together, allowing access to new financial products.
- Using Brickflow’s technology, Blueberry quickly obtained bridging loan offers from multiple lenders, aiding a time-sensitive financial need.
- The transaction highlights Brickflow’s capacity to navigate complex financing situations efficiently, providing successful outcomes for its clients.
- Dan Narwal of Together emphasises the flexible support offered through this collaboration, enhancing intermediary partnerships.
In a notable collaboration, Brickflow and Together have surpassed traditional lending paradigms to facilitate an unregulated bridging loan for Blueberry. This partnership not only signifies an extension of their longstanding relations but also opens new avenues for Blueberry in the financial sector.
The transaction involved was particularly challenging due to the nature of the property involved, an auction purchase deemed unmortgageable. Despite these hurdles, featuring a down valuation, Blueberry secured a £352,240 loan. This achievement underscores how Brickflow’s platform can swiftly generate multiple loan offers, providing solutions within the tight timeframe of 14 days.
Ian Humphreys, CEO of Brickflow, highlighted this deal as a testament to the platform’s capability and the robust synergy with Together. By tapping into Brickflow’s technological capabilities, Blueberry was able to access unregulated bridging finance from Together for the first time, indicating the strength of this collaborative effort.
Dan Narwal of Together applauded the partnership’s effectiveness in dealing with complex situations. He noted that arranging such swift financial solutions is central to Together’s operational strategy, allowing them to support intermediary partners like Blueberry more comprehensively. This collaboration is particularly beneficial as it extends Together’s product offerings to a broader clientele base.
The successful conclusion of this transaction not only resolves Blueberry’s immediate financing needs but also sets a precedent for future deals. It exemplifies the evolving landscape of financial services, where technology-driven platforms are enabling faster and more flexible financing solutions.
This strategic collaboration illustrates the potential of technology in enhancing financial service offerings, overcoming complex challenges effectively.
