REIM Capital has successfully finalised a £14 million commercial loan within a span of four weeks, facilitating the acquisition of a mixed-use property in Croydon, South London. This strategic financial move enables the borrower to secure a property that encompasses office spaces, retail units, and a 149-bed Travelodge hotel.

Structured with a 12-month term, the loan is intended to serve as a bridge until refinancing can be arranged on a long-term commercial basis. This financing solution underscores REIM Capital’s agility and capability to navigate complex transactions, especially noteworthy given the property’s diverse composition and the international background of the borrowers.

Kunal Vaitha, co-founder and director of REIM Capital, remarked on the transaction’s intricacies, citing challenges related to the asset’s multiple titles and the borrowers’ international status. Vaitha highlighted the collaborative effort with their legal team to address these challenges, ultimately enabling the completion of the significant loan for their high-net-worth clients.

The Croydon property’s acquisition comes at a time when commercial finance brokers have reported a substantial £38 billion in lending to SMEs in the previous year, indicating a buoyant market for commercial and bridging finance. With the property market’s eyes set on the potential for development and investment in 2024, REIM Capital’s latest deal signals strong investor interest and confidence in the sector’s growth prospects.