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In February 2016, FSA (Full Speed Ahead) Finance Limited arranged a non-regulated bridging loan for an SPV, utilising an investor’s private funding. The gross loan amount of £84,000 (70% LTV) was used by the Limited Company to repay the existing lender and finance the refurbishment of a former public house in Scotland. The commercial valuation came in at £120,000 in its current condition and once refurbished £150,000 (56% LTV). The loan term was 4 months and a rate of 1.25% per month was charged. The fees amounted to 2% overall and the bridging loan was completed in 9 days. The Borrower sold the property at auction and repaid the loan in a timely manner.